NZD/JPY Price Analysis: Range-bound trading persists, 20-day SMA remains strong

NZD/JPY sees modest gains on the day, and buying pressure rises somewhat.
The uptrend momentum is capped by flat selling pressure, leading to neutral momentum.
The 20-day SMA remains a crucial support level with bears unable to breach it.

Patricio Martín FXStreet

In Tuesday's trading session, the NZD/JPY pair has risen by 0.20% to 90.95, reflecting a slight bullish sentiment on the session. On the bigger picture, the pair continues to trade within a narrow range, with buyers and sellers in a tussle for dominance.

Technical indicators provide a mixed outlook for NZD/JPY. The Relative Strength Index (RSI) for NZD/JPY has mildly climbed to 54, indicating a positive buying trend that is growing in strength. This suggests that buyers are regaining momentum and may push the pair higher.

On the other hand, the Moving Average Convergence Divergence (MACD) histogram remains flat and red, showing that selling pressure is currently weak but persistent. Due to the opposing signals from the RSI and the MACD, the pair's momentum can be considered neutral for now.

The key support and resistance levels remain unchanged, with support at 90.65, 90.95, and 91.15, and resistance at 91.35, 92.00, and 92.15. These price level are set to play a pivotal role in determining the pair's future direction. The 20-day SMA, a pivotal support level, has been instrumental in preventing the pair's slide and will likely continue to do so in the near term.

NZD/JPY daily chart

Author

Patricio Martín

FXStreet

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

AUD/USD stays bid above 0.7100 on Australian trade data, Mideast optimism

AUD/USD clings to minor recovery gains above 0.7100 in the Asian session on Thursday as a new Israel-Lebanon ceasefire keeps a lid on the safe-haven US Dollar. Meanwhile, strong AustralianTrade Balane data also help the Aussie pair sustain the bounce from weekly lows.

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

USD/JPY struggles to find acceptance above 160.00 and retreats from a one-month high in the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, a new Israel-Lebanon ceasefire caps the US Dollar and supports the currency pair. However, renewed US-Iran tensions keep the downside limited in the Greenback and the pair.

Gold defends 200-day SMA; upside seems capped on Iran uncertainty

Gold recovers from a one-week low near $4,425, or the 200-day SMA, in the Asian session on Thursday, as news of an Israel-Lebanon ceasefire acts as a headwind for the safe-haven US Dollar. However, renewed hostilities in the Gulf, along with stalled US-Iran peace talks, keep geopolitical risks in play and should support the USD, checking the Gold price rebound.

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders. The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.