NZD/JPY Price Analysis: Jumps past 82.00 on RBNZ rate hike

NZD/JPY takes the bids to refresh daily high on RBNZ’s 0.50% rate lift.
Clear break of 50-HMA, bullish MACD and sustained trading beyond fortnight-long support line favor buyers.
Weekly ascending trend line challenges further recovery moves.

Anil Panchal FXStreet

NZD/JPY posts stellar gains around 82.35 after the Reserve Bank of New Zealand’s (RBNZ) rate hike worth 50 basis points (bps) during the mid-Asian session on Wednesday.

Also read: NZD/USD rallies towards 0.6500 as RBNZ announced 50 bps rate hike

In doing so, the cross-currency pair not only crosses the 50-HMA to renew daily tops but also extends the run-up beyond a two-week-old ascending trend line. That said, firmer RSI and MACD signals also keep NZD/JPY buyers hopeful.

It’s worth noting that the latest rally eyes an upward sloping resistance line from May 17, close to the 83.00 threshold.

However, any further upside appears difficult as multiple bottoms marked during late April and early May will challenge the NZD/JPY bulls around 83.35-40.

Meanwhile, pullback moves remain elusive until staying beyond the immediate support line, near 81.45 by the press time.

Following that, the 80.00 psychological magnet and the monthly low of 79.45 will gain the NZD/JPY bear’s attention.

NZD/JPY: Hourly chart

Trend: Further upside expected

Additional important levels

Overview
Today last price	82.34
Today Daily Change	0.40
Today Daily Change %	0.49%
Today daily open	81.94

Trends
Daily SMA20	82.59
Daily SMA50	83.95
Daily SMA100	80.74
Daily SMA200	79.59

Levels
Previous Daily High	82.79
Previous Daily Low	81.29
Previous Weekly High	82.49
Previous Weekly Low	80.18
Previous Monthly High	87.35
Previous Monthly Low	83.34
Daily Fibonacci 38.2%	81.86
Daily Fibonacci 61.8%	82.21
Daily Pivot Point S1	81.22
Daily Pivot Point S2	80.5
Daily Pivot Point S3	79.72
Daily Pivot Point R1	82.72
Daily Pivot Point R2	83.51
Daily Pivot Point R3	84.22

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.