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NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
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NZDJPY recovered above the 95 level on board-based New Zealand dollar buying.
If the 93.60 support holds, the uptrend appears to be trending toward favorability.
Technicals CMP -95.22 Trend 4- Hour chart Value 55 EMA 94.60 CMP>value Bullish 200- EMA 93.78 CMP >value Bullish 365- EMA 93.45 CMP>value Bullish EMA 92.69 CMP>Value BullishNear-term resistance - 95.50/96.25/97.
Near-term support- 94.35/93.70/93.30/93/ 92.60/92/ 91/90.50/89.
Momentum indicator Inference Value CCI(50) Bullish 37 ADX Bullish Strength increased from 17.68 to 18.81It is good to buy on dips around 95 with SL around 94 for the TP of 97.