NZD/JPY Price Analysis: Defies “double top” to refresh six-month high near 72.00

NZD/JPY fills the late-January gap to the north while taking the bids near multi-month high.
Bullish MACD, break of previous tops suggest further upside to the yearly peak.
Overbought RSI may play its role if prices slip below 71.60.

Anil Panchal FXStreet

NZD/JPY is on the front foot around 71.95, up 0.47% on a day, during the early Wednesday. In doing so, the kiwi cross refreshes the six-month high following its sustained break above tops marked in June and July.

The upside momentum also takes clues from bullish MACD to suggest further rise towards the yearly high of 73.34. Though, 72.75 and 73.00 may offer intermediate resistances during the upside.

In a case where the bulls refrain from stepping back around 73.35, highs marked during late-2019 close to 73.55 will be in the spotlight.

Alternatively, overbought RSI conditions can drag the sellers’ attention if the quote slips below the resistance-turned-into-support around 71.60.

In doing so, the early-August high near 70.60 may flash on their radars. However, the bears might not be convinced unless the NZD/JPY prices stay beyond the 200-day SMA level of 68.89.

NZD/JPY daily chart

Trend: Bullish

Additional important levels

Overview
Today last price	71.95
Today Daily Change	0.34
Today Daily Change %	0.47%
Today daily open	71.61

Trends
Daily SMA20	70.07
Daily SMA50	70.08
Daily SMA100	68.34
Daily SMA200	68.89

Levels
Previous Daily High	71.86
Previous Daily Low	71.25
Previous Weekly High	71.26
Previous Weekly Low	69.06
Previous Monthly High	71.71
Previous Monthly Low	68.76
Daily Fibonacci 38.2%	71.63
Daily Fibonacci 61.8%	71.48
Daily Pivot Point S1	71.28
Daily Pivot Point S2	70.96
Daily Pivot Point S3	70.67
Daily Pivot Point R1	71.9
Daily Pivot Point R2	72.19
Daily Pivot Point R3	72.51

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.