- The NZD/JPY quotes near the area of 85.70 with slight profits on Friday.
- The pair maintains a bassist perspective despite mixed technical signs.
- The key support is grouped below 85.60, with resistance about 86.00.
The NZD/JPY torque is trying to maintain slight profits while quoting near the area of 85.70 before the Asian session on Friday. Despite the slight increase, the broader technical panorama remains inclined downward, reflecting the influence of long -term bearish signs that have kept the torque within a narrow range recently. Merchants seem reluctant to push the torque significantly higher, reflecting a cautious tone while evaluating the balance of technical indicators.
The NZD/JPY presents a complex technical background, with short -term signals that offer a mixed image. The simple mobile average (SMA) currently points to a purchase signal, reflecting the recent strength. However, this is eclipsed by the 100 -day and 200 -day SMAs, which indicate a bearish perspective, highlighting the broader downward pressure. The 10 -day exponential (EMA) mobile average and the 10 -day SMA, also positioned in the 80s, reinforce this bearish vision, aligning with the long -term trend.
Impulse indicators provide an equally mixed signal. The Relative Force Index (RSI) is in the 50s, suggesting a neutral impulse, while the convergence/divergence indicator of mobile socks (MACD) indicates a slight purchase pressure, adding an indication of bullish potential. However, stock %K (14, 3, 3) remains in the 40s, indicating a more cautious posture, while the raw material channel index (20) also indicates neutrality, confirming the lack of a clear directional inclination. The average directional index (14), positioned around 15, underlines this neutral tone, indicating a market that lacks a strong conviction of trend.
For now, immediate support is seen around 85.64, with additional layers at 85.51 and 85.50. On the positive side, the resistance will probably emerge around 85.70, closely followed by 85.77 and 86.03, potentially limiting any short -term recovery attempt.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
