- NZD/JPY price up in Tuesday's session, mildly rose to 91.65.
- The pair rose some but stayed in a trading channel from 92.00 and 91.00.
- RSI displayed growing buying pressure, while MACD showed flat selling pressure during the past price action.
The NZD/JPY rose mildly to 91.65 in Tuesday's session. The pair saw some gains but remains stuck in a clear trading channel between 92.00 and 91.00. A bearish crossover, about to be completed between the 20 and 100-day Simple Moving Average (SMA) might push the pair lower.
Despite rising Relative Strength Index (RSI) buying pressure and flat Moving Average Convergence Divergence (MACD) selling pressure, overall momentum seems to be mixed. The pair’s latest price action formed a neutral candlestick pattern, following negative and positive candles, suggesting indecisiveness in trend.This suggests that the overall market sentiment is neutral, with neither buyers nor sellers holding a clear advantage. However, the potential bearish crossover between the 20 and 100-day SMAs could signal a potential decline in the pair's value.
Traders should monitor the boundaries of the mentioned channel to gauge the pair's future direction as well as the pending bearish crossover for potential losses.
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. 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
EUR/USD retreats below 1.0800 ahead of US data
EUR/USD loses traction and trades below 1.0800 on Tuesday. The risk-averse market atmosphere ahead of Wednesday's tariff announcements makes it difficult for the pair to hold its ground as the market attention turns to US data releases.
GBP/USD struggles to stabilize above 1.2900
Following a short-lasting uptick in the European session, GBP/USD edges lower and trades slightly below 1.2900 on Tuesday. The US Dollar (USD) holds its ground as investors adopt a cautious stance in anticipation of data releases and Wednesday's tariff decisions.
Gold pulls away from record highs, holds comfortably above $3,100
Gold corrects lower but manages to hold comfortably above $3,100 after touching a new record-high near $3,150 earlier in the day. Falling US Treasury bond yields help XAU/USD limit its losses as investors refrain from taking large positions ahead of US tariff announcements.
JOLTS job openings set to decline modestly in February
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States Bureau of Labor Statistics. Markets expect job openings to decline to 7.63 million on the last business day of February.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
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.