The NZD/JPY currency pair is trading at 91.54, showing gains in Wednesday's session.
The daily chart reveals bullish sentiment, with RSI on an upward trajectory out of the negative zone and MACD depicting decreasing red bars. Indicators are consolidating overbought conditions on the hourly chart. Bulls must recover the 20-day SMA to confirm a recovery. The NZD/JPY currency pair is trading at 91.54, showing gains in Wednesday's session. The broader technical landscape suggests the buyers.
NZD/JPY Daily Chart Transitioning to the hourly chart for the NZD/JPY presents a slightly different scenario. Here, the RSI consistently indicates positive with minor fluctuations, hinting at strong buying momentum but consolidating after entering in the overbought area during the European session. Meanwhile, the MACD reveals flat red bars, signifying stagnant negative momentum suggesting that the buyers are gearing up for the next upward leg.
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