Technical Analysis of NZD/JPY Crosses: Bulls Eyeing 91.00 Resistance
Wednesday, 25 September 2024, 14:39
Understanding NZD/JPY Technical Analysis
The NZD/JPY pair has snapped a seven-day streak and is consolidating above the crucial 90.00 mark. The iRSI is maintaining a position near 60, hinting at strong bullish momentum. Meanwhile, the iMACD is flat, suggesting a potential flattening in buying pressure.
Market Implications for NZD/JPY
Bulls are targeting resistance at 91.00, making this a critical level to watch. Traders should consider these technical indicators in their decision-making processes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.