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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
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NZDJPY trades flat with a negative bias.
It hits an intraday high of 93.02 and is currently trading around 92.97.
Technicals CMP -92.97 Trend 4- Hour chart Value 55 EMA 92.84 CMP>value Bullish 200- EMA 93.28 CMP <value Bearish 365- EMA 93.54 CMP<value Bearish EMA 93.55 CMP<Value BearishNear-term resistance - 93/93.60/94.50.
Near-term support- 92/91.60/ 91/90.50/89.
Momentum indicator Inference Value CCI(50) Bullish 83.50 ADX NeutralIt is good to sell on rallies around 93 with SL around 94 for a TP of 90.