CFD Trading Rate New Zealand Dollar vs Japanese Yen (NZDJPY)

• NZD/JPY is trading within a range, bounded by 90.10 and 91.60.
• RSI is slightly rising in positive territory, MACD declining but still positive.
• A clear direction is lacking, but a potential upside breakout could take place.

The NZD/JPY pair continues moving sideways on Wednesday, extending the consolidation of the past week. The pair is currently trading at 91.00, with 0.30% gains and a slight upward bias. The pair remains trapped within the range defined by the 90.00 support and the 91.00 resistance, with indicators showing a lack of clear direction.

The technical indicators provide a mixed picture. The Relative Strength Index (RSI) is at 55, in the positive terrain, and has a slightly rising slope, indicating that buying pressure is steady. However, the Moving Average Convergence Divergence (MACD) is green and decreasing, suggesting that buying pressure is weak.

The overall outlook is slightly bullish due to the pair's position above the 20-day Simple Moving Averages (SMA). However, caution is advised as the MACD shows signs of weakening which could lead to a bearish leg. The main support level is the 90.00 area (20-day SMA) which in case of being lost could ignite a drop to the 88.00-87.00 range. On the other hand, the main resistance to conquer is the 91.00 area which could fuel a rise towards 91.60.

NZD/JPY daily chart

• NZD/JPY continues to trade within a range, just below 91.00.
• RSI retreats towards 50, MACD flat, indicating neutral momentum.
• A decisive breakout above 91.00 could extend gains toward 92.00.

The NZD/JPY pair pulled back on Monday, declining by 0.80% to 90.70, but it continues to side-ways trade between 91.00 and 90.00.

The Relative Strength Index (RSI) is currently at 53, which is in the positive area. However, the RSI has been declining sharply, which suggests that buying pressure is declining. The MACD is currently flat and green, which suggests that buying pressure is flat and that there is no clear trend in the pair.

The NZD/JPY pair has been trading within a range for the past seven sessions, after an upwards spike on October 2. The pair is currently trading around 90.70, near the middle of the range. Support levels are seen at 90.30, 90.15, and 90.00, while resistance levels are at 91.00, 91.50, and 92.00. In the short-term, the outlook seems to be neutral, but as the pair trades below the 100 and 200-day Simple Moving Averages (SMA) it paints the trend with bearishness.

NZD/JPY daily chart

• NZD/JPY snaps a seven-day streak and consolidates above 90.00.
• RSI holds near 60, indicating bullish momentum; MACD flat, suggests flattening buying pressure.
• Bulls target resistance at 91.00, breakout could extend gains.

The NZD/JPY pair, after posting a 0.20% drop on Wednesday, continues to consolidate above the 90.00 mark. The bulls are holding on to their control of the market, with the technical indicators indicating a still-bullish outlook. The Relative Strength Index (RSI) currently stands at 60, suggesting that buying pressure persists. On the other hand, the Moving Average Convergence Divergence (MACD), a momentum indicator, is showing flat green bars, which points to a flattening of buying pressure. Overall, the NZD/JPY outlook remains positive, with the bulls looking towards a potential breakout above the 91.00 mark.

Since mid-September, the cross tallied a seven-day winning streak which improved the short-term outlook as it positioned the pair above the 20-day Simple Moving Average (SMA). With the buying pressure weakening the pair could find support at 90.00, 89.30, and 89.00 as well as resistance levels at 90.50, 90.80, and 91.00.

NZD/JPY daily chart

• NZD/JPY retreats from Monday's high, and consolidates around 90.00.
• RSI remains in positive territory, MACD rising green bars indicate bullish momentum.
• Bulls target resistance at 90.50, breakout could extend gains.

The NZD/JPY pair, after logging a 0.30% gain on Monday, retreated slightly and consolidated around the 90.00 level. The bulls remain in control in the near term, with the technical indicators painting a bullish picture. The Relative Strength Index (RSI) is currently at 56, indicating that buying pressure remains elevated and corresponds to a rising RSI slope, suggesting that buying pressure is increasing. The Moving Average Convergence Divergence (MACD) is also bullish, with the histogram rising and green.

Over the past seven sessions, NZD/JPY has traded sideways, fluctuating between the levels of 89.40 and 90.40. This consolidation period has formed three clear round support levels at 87.50, 88.00, and 88.50. Notably, the pair has also established resistance levels at 89.50, 90.00, and 90.50. The recent price action suggests that the bulls are in control, and a breakout above the 90.50 resistance level could lead to further gains in the near term.

NZD/JPY daily chart

• The NZD/JPY rose by nearly 0.90% to 89.80 on Friday.
• The RSI is in positive territory and rising, indicating buying pressure.
• The MACD is showing rising green bars, suggesting increasing bullish momentum.

In Friday's session, the NZD/JPY continued its climb, propelled by a 0.90% rise to 89.80. This upward trajectory indicates that the pair is gaining strength following the recent consolidation above the 89.00 level. The pair is also riding a substantial winning streak and exhibiting signs of technical strength, amplifying the possibility of further advancements.

Examining the Relative Strength Index (RSI), it is currently positioned at 54, suggesting that buying pressure is elevated and remains a driving force behind the pair's momentum. Additionally, the Moving Average Convergence Divergence (MACD) is painting a bullish picture, with rising green bars indicating increasing bullish momentum.

NZD/JPY daily chart

As for notable support and resistance levels, round support levels can be identified at 87.00, 86.50, and 86.00. Meanwhile, resistance levels can be found at 89.50, 90.00, and 90.50. The pair's breach past the 89.00 level has provided further confirmation of its bullish momentum, and sustained trading above this level could pave the way for a continued ascent..

• The NZD/JPY pair is on a three-day winning streak, with Wednesday's session adding to those gains, rising to 88.25.
• RSI is still negative but shows a rising slope, indicating recovering buying pressure.
• Decreasing red bars in the MACD confirms that selling pressure is weakening.

In Wednesday's session, the NZD/JPY pair rose by to 88.25. Considering the fresh gains and the latest technical outlook, the possibility of a reversal of last week's losses is growing.

The Relative Strength Index (RSI) is currently at 46, which is still in negative area. However, the slope of the RSI is sharply rising, indicating that buying pressure is recovering. The Moving Average Convergence Divergence (MACD) is also red, but the histogram is decreasing, suggesting that selling pressure is declining. With the cross accumulating gains and tallying a three-day winning streak the bulls are making an argument for a reversal.

NZD/JPY daily chart

Key support levels are at 87.00, 86.50, and 86.00, while resistance points are at 88.00, 88.50, and 89.00 (20-day SMA). A break above the latter would confirm a recovery and further upside movements could be expected if the bulls complete it.

• The NZD/JPY pair's latest price action shows a reversal of last week's losses with the pair extending gains from Tuesday’s session.
• RSI is sharply rising, showing that buying pressure is recovering.
• Decreasing red bars in the MACD suggests that selling pressure is weakening.

In Tuesday's session, the NZD/JPY pair rose by 0.95% above 88.00. Considering the fresh gains and the latest technical outlook, a reversal of last week's losses is on the cards.

The Relative Strength Index (RSI) is currently at 45, which is still in negative area. However, the slope of the RSI is sharply rising, indicating that buying pressure is recovering. The Moving Average Convergence Divergence (MACD) is also red, but the histogram is decreasing, suggesting that selling pressure is declining. This mixed technical outlook suggests that the NZD/JPY pair may continue to consolidate in the short term after the latest sharp losses.

NZD/JPY daily chart

Supports to the downside are located at 86.50, 86.30, and 86.00, while resistances are seen at 87.50, 87.70, and 88.00. Traders should watch for a break above 88.50 or below 86.50 to confirm a breakout in either direction.

• NZD/JPY pair has been moving downwards in the last week, but today's price action showed a sharp uptick.
• The RSI is in a negative area, but its value is sharply rising suggesting that buying pressure is recovering.
• The MACD suggests that selling pressure is flattening.

Monday's session saw the NZD/JPY pair rise by 0.60% to 87.20. However, the overall technical outlook for the NZD/JPY remains negative due to the losses seen in the last week as sellers seem to be taking a breather.

The RSI is currently at 36, which is still near the oversold area. However, the slope of the RSI is sharply rising, which suggests that buying pressure is recovering. The MACD is also red and flat, indicating that selling pressure is flat. This suggests that last week’s downward movements became over-extended and the sellers paused to take a breather. This also gives light to the buyers as the cross might continue consolidating upwards.

NZD/JPY daily chart

Supports to the downside are located at 86.30, 86.60, and 87.00, while resistances are seen at 87.30, 87.60, and 87.90.

• The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions.
• The RSI is oversold and has a declining slope, indicating that selling pressure is increasing.
• The MACD is also negative and the histogram is rising.

Friday's session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another day of losses. The pair has been in a downtrend over the past week, closing lower in four of the last six sessions. The overall technical outlook for the NZD/JPY is negative, and the pair is likely to continue to decline in the near term.

The RSI is currently near 30, approaching the oversold area. The slope of the RSI is also declining, which suggests that selling pressure is increasing. The MACD is also negative and the histogram is rising, indicating that selling pressure is increasing. However, the oversold signals may indicate that the pair may be poised for an upward correction to consolidate the latest downward movements.

NZD/JPY daily chart

Supports to the downside are located at 86.00, 85.00, and 84.00, while resistances are seen at 88.00, 89.00, and 90.00.

• The NZD/JPY pair has been trading sideways, with a slight downward bias, over the last sessions.
• The RSI is in the negative area, but the slope is rising, suggesting that buying pressure is recovering.

Thursday's session saw the NZD/JPY pair rise by 0.50% to 87.70. Despite the uptick, the pair has been trading sideways, with a slight downward bias, over the last sessions. The overall technical outlook is mixed, and the pair is likely to continue trading sideways in the near term.

The RSI is currently at 37, which is in the negative area. However, the slope of the RSI is rising sharply, which suggests that buying pressure is recovering. The MACD histogram is currently flat and red, which suggests that selling pressure is flat. The overall outlook for the NZD/JPY is mixed, and the pair is likely to continue trading sideways in the near term.

NZD/JPY daily chart

Supports to the downside are located at 87.00, 86.00, and 85.00, while resistances are seen at 88.00, 89.00, and 90.00.

• The NZD/JPY pair has been moving lower and broke below the key support of 87.50.
• A break below 87.00 could open the doors to a further decline towards 86.00.

The NZD/JPY pair has resumed its decline on Wednesday after failing to hold the 87.50 area. The pair is now testing the support level of 87.00, and a break below this level could open the doors to a further decline. In the meantime, indicators show that the sellers are in command.

The Relative Strength Index (RSI) is nearing the oversold area while the MACD is printing red bars, indicating that selling pressure is still strong and that the pair is likely to continue to decline.

NZD/JPY daily chart

Overall, the technical picture for the NZD/JPY pair is bearish. The pair is showing strong signs of a downtrend, with the RSI in an oversold area and with the MACD printing red bars. Supports to the downside are located at 87.00, 86.500, and 86.00 while resistances are seen at 87.50, 88.00, and 89.00.

• The NZD/JPY pair rose by 0.15% in Monday's session but remains below 88.00.
• The pair is currently trading in a range between 87.50 and 88.40.
• Bears have the 87.000 threshold on their sight.

The NZD/JPY pair has recovered some of its recent losses, suggesting that the bears' grip is weakening. In the meantime, indicators remain in negative terrain and the outlook suggests that the sellers are taking a breather.

The Relative Strength Index (RSI) flattened below 50, indicating that the bears are losing momentum. The Moving Average Convergence Divergence (MACD) printed a red bar which indicates a steady selling pressure.

NZD/JPY daily chart

After having fallen below the 20-day Simple Moving Average (SMA) of 89.60, bulls have stepped up action to defend the 87.50 support which might have parked the pair from further southers movements. If the buying continues, critical resistance levels appear at 89.00, 89.50, and 90.00.

Overall, the technical picture for the NZD/JPY pair is mixed. The pair is showing signs of a potential reversal, but it remains below its key moving averages. If the pair can break above its 20-day SMA, it could signal a further rally in the pair. Meanwhile, bears command.

• The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85.
• The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist.
• Bears have the 87.00 threshold on their sight.

The NZD/JPY pair has maintained its bearish stance, extending the selloff that started in Tuesday's session. Technical indicators strongly suggest that the bears have the upper hand, and the pair could continue to decline in the coming days.

The Relative Strength Index (RSI) has reached 36 and approaches the oversold threshold. However, after the pair shed more than 3% this week, the cross might consolidate in the next sessions, as bears might run out of steam.

NZD/JPY daily chart

On the daily chart, the NZD/JPY pair is showing signs of sustained weakness. After having fallen below the 20-day Simple Moving Average (SMA) of 89.60, bears seem to have gained sufficient momentum to exert further downward pressure. If the selling continues, critical support levels appear at 87.50, 87.30, and 87.00.

• NZD/JPY extends its downward momentum, falling to 89.00.
• The RSI has dropped to 45, falling from 60, indicating a sharp decline in buying pressure.

The NZD/JPY pair is holding onto its bearish bias, selling off Wednesday's session. Technical indicators point to bears gaining control, and the pair may slide lower in the near term.

The Relative Strength Index (RSI) has plummeted to 45, indicating that selling pressure is increasing. This reading suggests that the pair is likely to continue its downward movement and challenge the support at 88.00. The Moving Average Convergence Divergence (MACD) has also turned bearish, with the MACD printing falling green bars, indicating that the bearish momentum is gathering strength.

NZD/JPY daily chart

The NZD/JPY pair seems to be losing ground, with negative technical indicators and a falling RSI. After falling below the 20-day SMA at 89.60, bears seemed to have gathered enough momentum to continue pushing the pair lower, with 88.70, 88.50, and 88.30 presenting strong barriers to the sellers.

• NZD/JPY rose to 90.20 in Wednesday's session.
• The RSI is rising within neutral terrain, indicating increasing buying pressure.
• The MACD is flat green, suggesting that the buyer’s traction remains weak.

The NZD/JPY pair rebounded slightly in Wednesday's following session to settle around 90.20. Technical indicators are hinting that the pair might be approaching a bullish breakout in the short term as buyers seem to be waiting for a catalyst to test the 90.50 area.

The Relative Strength Index (RSI) is rising towards neutral terrain, currently at 49, indicating that buying pressure is increasing. This reading suggests that the pair is likely to continue its upward movement and challenge the resistance at 90.50. The Moving Average Convergence Divergence (MACD) is also showing a neutral bias, with flat green bars indicating that the bullish momentum is neither gaining nor losing strength.

NZD/JPY daily chart

As the pair seems to be gaining strength and with the RSI rising, the cross might continue trading within the 89.20-90.50 channel. A break above these levels might set the pace for the short term.

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• NZD/JPY declined on Tuesday's session to settle around 89.70.
• The RSI is hovering near the 50 midline, suggesting a neutral bias.
• The MACD is flat green, indicating a lack of clear momentum.

The NZD/JPY currency pair is facing renewed selling pressure on Tuesday, declining by 0.30% to trade around 89.70. Technical indicators display mixed signals, suggesting that the pair is likely to remain range-bound in the near term.

The Relative Strength Index (RSI) is fluctuating around the 50 midline at 46, indicating that neither buyers nor sellers have a clear advantage. This reading suggests that the pair is likely to continue its sideways movement within the current range. The Moving Average Convergence Divergence (MACD) is also showing a neutral bias, with flat green bars indicating that the bullish momentum is neither gaining nor losing strength.

NZD/JPY daily chart

As the pair seems to be stuck in a consolidation period and with indicators flat, the cross might continue trading in the 88.00-90.00 channel. A break above or below these levels might set the pace for the short term.

• NZD/JPY gained ground on Friday's session, mildly to 89.95.
• The RSI holds near neutral territory, indicating a balance between buying and selling forces.
• The MACD shows flat green bars, suggesting that momentum is stabilizing.

The NZD/JPY currency pair is consolidating sideways within a familiar range below 90.00. Technical indicators display mixed signals, with the Relative Strength Index (RSI) hinting at neutral sentiment and the Moving Average Convergence Divergence (MACD) showcasing a stabilizing momentum.

The RSI, reflecting the momentum of price changes, currently sits just below 50. This reading suggests that neither buyers nor sellers have a clear advantage in the market, resulting in a balanced sentiment. Meanwhile, the MACD, a trend-following indicator, is showing flat green bars, indicating that the bullish momentum is neither gaining nor losing strength.

The pair has been hovering within a trading range defined by the 89.00 support and 90.20 resistance levels. Volume has been relatively low, indicating a lack of decisive buying or selling pressure. A break above 90.20 could signal a potential bullish continuation, opening the way towards 90.50 and 91.00. Conversely, a break below 89.00 could trigger a bearish move towards 88.50 and 88.00.

NZD/JPY daily chart

• NZD/JPY mildly rose on Thursday, trading at 89.70.
• The RSI is showing a rising tendency, indicating potential buying pressure, still below 50.
• The MACD continues to print flat green bars, suggesting a neutral trend.

The NZD/JPY currency pair is trading sideways within a neutral consolidation. Technical indicators display contrasting signals, with the Relative Strength Index (RSI) hinting at buying pressure and the Moving Average Convergence Divergence (MACD) showcasing a neutral trend.

The RSI, a measure of momentum, has been rising lately and is currently at 47, near the neutral territory. This suggests that buying pressure may be building, signaling a potential shift in market sentiment. However, the MACD, continues to show flat green bars, indicating that the upward momentum is not yet strong enough to trigger a trend reversal.

The pair has been consolidating within a range defined by the 89.50 support and 90.00 resistance levels. Volume has been relatively low, indicating a lack of conviction in the recent price movements. A break above 90.00 could signal a potential bullish trend reversal, pushing the pair up to 91.00 and 91.50, while a break below 89.50 could lead to further declines towards 86.00 and possibly 84.50.

NZD/JPY daily chart

• NZD/JPY was flat on Wednesday, trading at 89.40.
• The RSI remains below 50, indicating a subdued buying pressure.
• The pair is currently trading within a range between the 88.50 and 89.50 support and resistance levels.

The NZD/JPY currency pair traded flat on Wednesday around the 89.40 zone. Technical indicators provide contrasting signals, with the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) offering contrasting perspectives.

The RSI, a measure of momentum, has flattened and is currently at 45, below the neutral level of 50. This indicates decreasing buying pressure and suggests that the bulls are losing some of their recent momentum. However, the MACD continues to show flat green bars. Green bars generally indicate upward momentum, but the flatness suggests that the upward thrust is not strong enough at the moment.

Volume has been relatively low, indicating a lack of conviction in the recent price movements. The pair is currently trading within a range between the 88.50 and 89.50 support and resistance levels. The 88.50 is a significant support level that has been held since the beginning of August, while the 90.00 resistance is a barrier that the bulls struggle to tackle. A break below 88.50 could lead to further declines towards 86.00, while a break above 89.50 could push the pair up to 91.00.

NZD/JPY daily chart

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