NZD/JPY Price Analysis: Pair resumes downward trajectory, reaches lows since September
Source Fxstreet
- NZD/JPY fell 0.94% on Tuesday to trade near 89.20.
- The pair has tallied a four-day losing streak, now at lows since September 20.
- Technical indicators are signaling continued weakness for the pair, suggesting potential for further losses.
The NZD/JPY pair continued its downward trajectory on Tuesday, falling 0.94% to trade near 89.20. This marked the fourth consecutive day of losses for the pair, bringing it to its lowest level since September 20.
The pair's downtrend was further evident in the oversold the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram, both of which corroborated the bearish outlook. This is reinforced by the fact that the cross has broken out of the sideways trade pattern seen since late September, so the pair may see further weakness. On the bright side, there may be an upwards correction as sellers may take a breather after the losing streak, but the overall outlook remains negative.
NZD/JPY daily chart
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycleSolana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Related Instrument
