NZD/JPY Price Analysis: Buyers lose momentum, eyes on SMA crossover

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.

Patricio Martín FXStreet

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 daily chart

The daily Relative Strength Index (RSI) for NZD/JPY has dropped to 52, indicating a decline in buying pressure. The decreasing RSI values suggest that momentum is shifting in favor of the sellers but while it remains close to the middle point it suggests a neutral momentum. Moreover, the Moving Average Convergence Divergence (MACD) 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.

On the buyer’s side, the 20-day SMA, serves as a critical support level, continues to attract buyers and the sellers are being unable to breach it. However, if the pair breaks below this level, it could signal a further decline in prices. Critical support levels for the NZD/JPY pair are located at 91.00, 90.30 and 90.00, while resistance levels lie at 92.00, 92.15 ,and 92.50.

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

GBP/USD defends 1.3300 after strong upbeat UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the European session Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US economic calendar will feature preliminary July PMI data later in the day.

EUR/USD holds gains near 1.1400 after strong German, EU PMIs

EUR/USD is holding gains near 1.1400 in European trading on Friday. The Euro draws support from an unexpected increase in the German and Eurozone business PMI readings for July. However, further upside appears limited by escalating conflicts in the Middle East, despite the ECB's hawkish hold decision. The US PMI data are next in focus.

Gold sticks to intraday losses below $4,050 amid Fed hike bets, bullish USD

Gold remains under some selling pressure for the second straight day, and weakens further below the $4,050 level during the Asian session. Escalating US-Iran tensions support elevated crude oil prices, fueling inflation fears and bolstering expectations of higher-for-longer US interest rates. This helps the US Dollar preserve its strong weekly gains to a nearly one-month high, touched on Thursday, and turns out to be a key factor undermining the non-yielding bullion.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

Crypto Market Overview: Bitcoin tests 50-day EMA support – Pi Network and Sky lead losses

The broader cryptocurrency market faces headwinds with rising tensions between the US and Iran, pushing Bitcoin down to its 50-day Exponential Moving Average support around $65,135 on Friday. Under pressure, Pi Network and Sky emerge as the worst-performing crypto assets over the last 24 hours.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.