In Friday's session, the NZD/JPY pair declined by 0.20% to 90.80, encountering increased resistance and losing ground still holding the key 20-day Simple Moving Average (SMA).
NZD/JPY edges lower under the 91.000 mark as selling pressure mounts. RSI declining, suggesting falling buying momentum. The 20-day SMA continues to be a strong barrier. In Friday's session, the NZD/JPY pair declined by 0.20% to 90.80, encountering increased resistance and losing ground still holding the key 20-day Simple Moving Average . NZD/JPY daily chart The daily Relative Strength Index for NZD/JPY has dropped to 52, indicating a decline in buying pressure.
Moreover, the Moving Average Convergence Divergence histogram has flattened and moved into negative territory. This technical indicator suggests that selling pressure is increasing and that the downward trend could continue. The 100, and 200-day SMAs are close to perform a bearish crossover around the 92.00 mark which could be the catalyst the sellers need to enter the next bearish leg.
Crosses Currencies Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/JPY Price Analysis: Bullish momentum flat, 20-day SMA proves to be a strong barrierIn Wednesday's session, the NZD/JPY mildly fell to 90.60, continuing the sideways movement seen in the past few sessions.
Read more »
NZD/JPY Price Analysis: Consolidating in neutral terrain, 20-day SMA remains the one to watchIn Thursday's session, the NZD/JPY pair rose by 0.45% to 90.95, continuing the sideways movement seen in the past few sessions.
Read more »
NZD/JPY Price Analysis: Bullish momentum fading, downside risk emergingThe NZD/JPY pair declined by 0.60% to 90.70 in Tuesday's session and threatens with a reversal in the recent bullish movements.
Read more »
NZD/JPY Price Analysis: Bullish outlook prevails, resistance test aheadThe NZD/JPY pair resumed its upward trajectory on Monday, gaining 0.15% to 91.25.
Read more »
NZD/JPY Price Analysis: Bulls await near-term break, neutral outlookThe 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.
Read more »
NZD/JPY Price Analysis: Consolidation remains, slight upward biasThe NZD/JPY pair continues moving sideways on Wednesday, extending the consolidation of the past week.
Read more »