NZD/JPY Price Forecast: Surges above key resistance near 88.00

Source Fxstreet
  • NZD/JPY rallies to 87.69 after bouncing from intraday low near 86.56.
  • RSI flattens near 60, signaling potential pause before next leg higher.
  • Bulls aim for 88.00, 89.71 YTD high, and psychological 90.00 barrier.

The NZD/JPY rallied sharply and posted gains of over 1%, trading at 87.69 after bouncing off daily lows of 86.56, clearing key technical resistance levels, as the pair seems poised to challenge the year-to-date (YTD) high of 89.71.

NZD/JPY Price Forecast: Technical outlook

The NZD/JPY appears poised to surpass the May 13 daily high of 87.73, potentially opening the door for further upside. Momentum, as measured by the Relative Strength Index (RSI), indicates that buyers are taking a respite, with the RSI turning flat after reaching the 60 threshold. Therefore, some consolidation lies ahead.

Despite this, the path of least resistance is tilted upward. With that said, the NZD/JPY first resistance would be the 88.00 figure. Once cleared, the next stop would be 89.00, followed by the YTD peak of 89.71 before challenging the 90.00 figure.

Conversely, the least likely path is that the first support for the NZD/JPY would be at 87.00, followed by the Tenkan-sen at 86.88, ahead of the Senkou Span A at 86.57. If surpassed, the next floor level would be the Kijun-Sen at 86.26.

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 0.02% 0.02% 0.00% 0.01% 0.02% -0.05% 0.03%
EUR -0.02% -0.02% 0.03% -0.01% 0.04% 0.01% 0.00%
GBP -0.02% 0.02% -0.04% 0.00% 0.05% -0.01% 0.02%
JPY 0.00% -0.03% 0.04% 0.00% 0.00% -0.05% 0.00%
CAD -0.01% 0.01% -0.00% -0.00% -0.07% 0.00% 0.02%
AUD -0.02% -0.04% -0.05% -0.00% 0.07% -0.03% -0.03%
NZD 0.05% -0.01% 0.01% 0.05% -0.01% 0.03% 0.00%
CHF -0.03% -0.00% -0.02% -0.00% -0.02% 0.03% -0.00%

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
Hedera Price Analysis: HBAR defies $50B market dip as Nvidia confirms AI partnershipHedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.
Author  FXStreet
4 Month 09 Day Wed
Hedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.
placeholder
Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
Author  NewsBTC
7 Month 14 Day Mon
Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
placeholder
Ethereum Price Momentum Explodes—Is the Path to $4K Wide Open?Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750
Author  NewsBTC
7 Month 22 Day Tue
Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750
placeholder
Oil Prices Rise on Sharp U.S. Inventory Drop; Trade Deals Take Center StageOil prices edged higher during Thursday’s Asian trading session, supported by data showing a sharp drop in U.S. crude inventories, as investors cautiously awaited developments on trade agreements ahead of Donald Trump’s looming deadline.
Author  Mitrade
7 Month 24 Day Thu
Oil prices edged higher during Thursday’s Asian trading session, supported by data showing a sharp drop in U.S. crude inventories, as investors cautiously awaited developments on trade agreements ahead of Donald Trump’s looming deadline.
placeholder
U.S. stock futures edge up as Wall Street rallies on Alphabet's surge to record highsU.S. stock index futures experienced a slight uptick on Thursday evening, buoyed by record-high closures on Wall Street following strong earnings reports from Alphabet and optimism surrounding potential trade agreements.
Author  Mitrade
7 Month 25 Day Fri
U.S. stock index futures experienced a slight uptick on Thursday evening, buoyed by record-high closures on Wall Street following strong earnings reports from Alphabet and optimism surrounding potential trade agreements.
Related Instrument
goTop
quote