The NZD/JPY currency pair declined on Wednesday, reaching 87.80 after failing to break above the 89.00 level. Technical indicators suggest a weakening buying momentum and a fragile recovery, with the RSI falling to 44 and the MACD histogram printing flat red bars.
NZD/JPY landed near 87.80 after the latest rejection at 89.00. RSI slides to 44 in negative territory, hinting that selling forces may be gaining ground.
histogram prints flat red bars, underscoring the pair’s fragile recovery attempts. The NZD/JPY cross entered deeper negative territory on Wednesday, giving back 0.77% as it settled around 87.80. Sellers took charge following yet another failed effort to conquer the 20-day Simple Moving Average near the 89.00 mark. Although the pair had initially shown signs of stabilization within the broader 89.00–87.00 channel, persistent selling pressure has kept it from mounting a convincing rebound.
NZDJPY Forex Technical Analysis RSI MACD
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