- NZD/JPY currently stands at 90.33 amid mild losses and cleared most of its daily losses.
- Daily chart indicators reveal a resilient buying momentum.
- In the broader context, the pair remains above the 20,100,200-day SMAs, asserting bull's control.
On Tuesday's session, the NZD/JPY stands at 90.33, with mild losses after dropping earlier in the session towards 89.90. Generally, the daily technical chart presents a neutral to bullish outlook, with the bulls firmly securing their turf. Similarly, the four-hour chart mirrors this bullish dominance, demonstrating the current strength of buyers.
The daily chart indicators reflect a firm grasp by the bulls despite the losses seen during the session asserted from the pairs's position above the three key Simple Moving Averages (20,100,200 days), which signifies a bullish bias in the broader perspective. Moreover, the Relative Strength Index (RSI) now lingers in positive territory, reinforcing the buyers' strength. Simultaneously, the Moving Average Convergence Divergence (MACD) prints green bars, further affirming the bullish control. The positive bias is also confirmed by the buyers, who effectively defended the 20-day SMA earlier in the session and quickly rejected the sellers.
Turning to the four-hour chart, the dominance of buyers becomes more pronounced. Their fortification is reflected in the Relative Strength Index (RSI), which is not only in the positive region but also on a positive incline. The Moving Average Convergence Divergence (MACD) further echos this strength with continuous green bars indicating sustained buying momentum. This demonstrates an encouraging short-term technical outlook that could distract from the daily charts' temporary losses.
NZD/JPY technical levels
NZD/JPY daily chart
-638410392142305892.png)
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Gold rallies to new record-high above $3,030
Gold benefits from escalating geopolitical tensions and extends its rally to a new record-high above $3,030 in the American session on Tuesday. Israel resumed military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. All eyes now remain on the Trump-Putin call.
EUR/USD retreats from fresh 2025 highs, flirts with 1.0900
EUR/USD retreats from the multi-month high set above 1.0950 earlier in the day and tests 1.0900. The risk-averse market atmosphere helps the US Dollar (USD) holds its ground and makes it difficult for the pair to preserve its bullish momentum.
GBP/USD turns south after testing 1.3000
After reaching its highest level since early November above 1.3000, GBP/USD loses its traction and declines toward 1.2950 on Tuesday. The US Dollar makes a strong comeback and weighs on the pair, helped by upbeat local data and the souring risk mood ahead of this week's key central bank meetings.
Trump-Putin talks raise hopes of a ceasefire – Middle East risk returns
The prospective end to the Russia-Ukraine war has traders excited for a more positive growth outlook in Europe going forward, with heavily industrialised nations such as Germany having suffered under the weight of elevated energy costs in recent years.
Tariff wars are stories that usually end badly
In a 1933 article on national self-sufficiency1, British economist John Maynard Keynes advised “those who seek to disembarrass a country from its entanglements” to be “very slow and wary” and illustrated his point with the following image: “It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction”.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.