- 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 gives away some gains, slips back to $2,980
Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.
EUR/USD remains firm and near the 1.0900 barrier
EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.
GBP/USD remains depressed, treads water in the low-1.2900s
GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.
Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound
Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.
Week ahead – Central banks in focus amid trade war turmoil
Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.
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.