NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session

Source Fxstreet
  • NZD/JPY trades near the 85.50 zone, reflecting a bearish tone with minor losses.
  • Momentum is mixed, with short-term buy signals clashing with broader selling pressure.
  • Key support rests around 85.50, with resistance near 85.60 and 86.10.

The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session. Despite the broader bearish tone, conflicting technical signals suggest the cross may face further volatility in the near term, with mixed momentum indicators adding to the uncertain outlook.

From a technical perspective, the Relative Strength Index (RSI) hovers in the 50s, reflecting neutral momentum as recent gains and losses balance each other out. Meanwhile, the Moving Average Convergence Divergence (MACD) signals ongoing buy momentum, providing a short-term counter to the broader bearish sentiment. However, the Ultimate Oscillator (7, 14, 28) remains in the 40s, while the Stochastic %K (14, 3, 3) trades in the 60s, both reinforcing a more neutral tone.

Momentum (10) stands out as a more direct bearish signal, aligning with the overall negative trend. This is further supported by the 100-day and 200-day Simple Moving Averages (SMAs), which indicate ongoing selling pressure, despite the 20-day SMA suggesting a potential short-term recovery. Additionally, the 10-day Exponential Moving Average (EMA) and 10-day SMA, both in the 80s, also align with the sell side, reinforcing the cautious outlook for the cross.

Immediate support is identified around 85.57, followed by deeper levels at 85.49 and 85.42. On the upside, resistance is expected near 85.63, with stronger barriers at 85.69 and 86.09, potentially capping gains in the near term.

Daily Chart

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Author  NewsBTC
Apr 23, Wed
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
placeholder
Apple Q4 revenue tops estimates; $1.1B tariff impact forecastApple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.
Author  Mitrade
Aug 01, Fri
Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Related Instrument
goTop
quote