fxs_header_sponsor_anchor

News

NZD/JPY Price Analysis: Bullish momentum strengthens, threatens 92.00

  • NZD/JPY sees a continuation of its uptrend with buying pressure dominating.
  • Technical indicators, including the RSI and MACD, support the bullish outlook.
  • The pair attempting to breach the 100 and 200-day SMA convergence.

Wednesday's trading session witnessed sustained buying pressure in NZD/JPY, leading to a 0.45% increase to 91.65. The pair extended its upward momentum from previous sessions, indicating a growing bullish sentiment.

Technical indicators reinforce the positive outlook for NZD/JPY. The RSI, which measures the strength of buying pressure, has risen to 60 and the upward sloping movement suggests that buying pressure is increasing. The MACD, which measures the relationship between the pair's short-term and long-term moving averages, also supports the bullish sentiment. The histogram is green and flat, indicating that buying pressure is dominant.

Key support and resistance levels remain relevant, with support at 91.50,91.30 and 91.00 and resistances are seen at 92.00 (100 and 200-day SMA convergence), 92.30 and 92.50. These levels are likely to influence the pair's price action in the near term. The 20-day SMA, a crucial support level, has successfully held off selling pressure, contributing to the pair's bullish bias.

NZD/JPY daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.