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.
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.
Despite rising Relative Strength Index buying pressure and flat Moving Average Convergence Divergence 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.
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