NZD/JPY price analysis: The crossing maintains a bassist tone before the Asian session

  • The NZD/JPY is negotiated near the area of ​​85.50, reflecting a bearish tone with minor losses.
  • The impulse is mixed, with short -term purchase signs colliding with a broader sales pressure.
  • The key support is around 85.50, with resistance about 85.60 and 86.10.

The NZD/JPY crossing is being negotiated near the area of ​​85.50 on Thursday, lowering approximately 1% while it is in the average range within its recent fluctuation before the Asian session. Despite the broader bearish tone, the contradictory technical signals suggest that the crossing can face greater volatility in the short term, with mixed impulse indicators that add uncertainty to the perspective.

From a technical perspective, the relative force index (RSI) is located in the 50s, reflecting a neutral impulse as the recent profits and losses balance each other. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) indicates an ongoing purchase impulse, providing a short -term counterweight to the broader bearish feeling. However, the ultimate oscillator (7, 14, 28) remains in the 40s, while the stochastic %K (14, 3, 3) is negotiated in the 60s, both reinforcing a more neutral tone.

The impulse (10) stands out as a more direct bearish signal, aligning with the general negative tendency. This is further supported on simple mobile socks (SMA) of 100 days and 200 days, which indicate a continuous sales pressure, although the 20 -day SMA suggests a possible short -term recovery. In addition, the 10 -day exponential (EMA) mobile average and the 10 -day SMA, both in the 80s, are also aligned with the sale side, reinforcing the cautious perspective for the crossing.

The immediate support is identified around 85.57, followed by deeper levels at 85.49 and 85.42. On the positive side, resistance is expected about 85.63, with strongest barriers at 85.69 and 86.09, which could limit profits in the short term.

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Source: Fx Street

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