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NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
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NZDJPY is consolidating after a minor pullback.
It hit an intraday low of 93.13 and is currently trading around 93.43.
Technicals CMP -93.438 Trend 4-hour chart Value 55 EMA 93.39 CMP>value Bullish 200- EMA 93.31 CMP >value Bullish 365- EMA 93.36 CMP>value Bullish EMA 92.73 CMP>Value BullishNear-term resistance - 94/94.50/95/96.
Near-term support- 92.80/92/91.60/ 91/90.50/89.
Momentum indicator Inference Value CCI(50) Bullish 77.99 ADX NeutralIt is good to buy on dips around 93 with SL around 92 for a TP of 95.