NZD/JPY retreated on Wednesday, declining by 0.33% to settle near 88.75.
NZD/JPY slipson Wednesday, hovering around 88.75 after failing to overcome a mid-week ceiling. RSI dips to 53 in positive territory, signaling a sudden loss of bullish momentum.
histogram shows flat green bars, hinting that the recent upside may be running out of steam. Earlier attempts to break above the 100-day Simple Moving Average near 90.00 faltered, curbing the pair’s recent rebound. The Relative Strength Index has pulled back to 53, indicating fading buying interest, while the Moving Average Convergence Divergence histogram remains flat, suggesting limited follow-through on the upside push.
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