NZD/JPY Price Forecast: Holds steady above 86.00 with intact bullish structure

Source Fxstreet
  • NZD/JPY maintains bullish trend with higher highs and lows since April’s 79.81 bottom.
  • Break above 87.01 needed to extend rally toward 87.73 and YTD high at 89.70.
  • Key support seen at 84.61; breach opens path toward 84.21 Kumo top and 83.77 Senkou Span B.

The NZD/JPY begins Tuesday’s Asian session flat after registering minimal gains of over 0.24% on Monday amid a risk-on mood. At the time of writing, the cross-pair trades at 86.13, unchanged.

NZD/JPY Price Forecast: Technical outlook

The NZD/JPY seems to have bottomed, with the pair remaining near current levels after hitting a yearly low of 79.81 on April 9. Since then, the pair climbed past the 86.00 figure, with price action printing a successive series of higher highs and higher lows, suggesting that the overall trend is up.

The Relative Strength Index (RSI) has also climbed past its 50 neutral line, although it signals that further consolidation lies ahead, given the lack of a catalyst.

For a bullish continuation, the NZD/JPY needs to clear the May 29 high at 87.01. A breach of the latter will clear the path to challenge higher prices, with May 13 swing high up next at 87.73, ahead of the year-to-date (YTD) high of 89.70.

Conversely, a drop below the May 22 swing low of 84.61 and the NZD/JPY could test the top of the Ichimoku Cloud (Kumo) at around 84.21. Once surpassed, the next stop would be the Senkou Span B at 83.77.

NZD/JPY Price Chart – Daily

New Zealand Dollar PRICE This week

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies this week. New Zealand Dollar was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.01% -0.02% -0.09% 0.00% 0.00% -0.08% -0.11%
EUR 0.01% 0.02% -0.05% 0.03% 0.03% 0.02% -0.08%
GBP 0.02% -0.02% -0.08% 0.01% 0.02% -0.00% -0.10%
JPY 0.09% 0.05% 0.08% 0.08% 0.07% 0.03% 0.05%
CAD -0.00% -0.03% -0.01% -0.08% -0.05% -0.02% -0.11%
AUD -0.01% -0.03% -0.02% -0.07% 0.05% -0.02% -0.11%
NZD 0.08% -0.02% 0.00% -0.03% 0.02% 0.02% -0.09%
CHF 0.11% 0.08% 0.10% -0.05% 0.11% 0.11% 0.09%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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
S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff ConcernsS&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
Author  Mitrade
Sept 03, Wed
S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
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
Barclays Boosts S&P 500 Outlook Amid Strong AI-Driven EarningsBarclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
Author  Mitrade
Sept 10, Wed
Barclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Related Instrument
goTop
quote