The NZD/JPY currency pair is experiencing a robust uptrend, with strong support around the 20-day SMA. Daily indicators remain strong while hourly indicators are somewhat mixed. Bears need to breach the 20-day SMA to gain momentum. RSI and MACD show positive momentum.
The daily chart reveals a positive momentum, with the RSI and MACD demonstrating the upper hand of buyers. The hourly RSI is exchanging hands around the 50 level. The pair is building strong support around the 20-day SMA . The NZD/JPY currency pair is trading near the 91.541 level, experiencing what appears to be a robust uptrend. Indicators on the daily chart remain strong while hourly indicators stand somewhat mixed.
The MACD histogram continues to print flat green bars, indicating a flattening buying momentum. NZD/JPY hourly chart Taking into account this technical landscape, the NZD/JPY shows a bullish inclination in a broader outlook. It stands notably above the 20, 100, and 200-day Simple Moving Averages , indicating a consistent uptrend. As long as the pair holds above the key 20-day average, the bullish trend will remain intact.
NZD/JPY Currency Pair Uptrend Support SMA Indicators Momentum RSI MACD
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