The optimistic moment remains, the indicators gather strength

• NZD/JPY rose almost 0.90% to 89.80 on Friday.
• The RSI is in positive territory and rising, indicating buying pressure.
• The MACD shows rising green bars, suggesting increasing bullish momentum.

In Friday’s session, NZD/JPY continued its ascent, propelled by a 0.90% gain to 89.80. This upward trajectory indicates that the pair is gaining strength following the recent consolidation above the 89.00 level. The pair is also riding a substantial winning streak and showing signs of technical strength, amplifying the possibility of further advances.

Examining the Relative Strength Index (RSI), it is currently positioned at 54, suggesting that buying pressure is heightened and remains a driving force behind the pair’s momentum. Furthermore, the Moving Average Convergence Divergence (MACD) paints a bullish picture, with rising green bars indicating rising momentum.

NZD/JPY Daily Chart

In terms of notable support and resistance levels, round support levels can be identified at 87.00, 86.50 and 86.00. Meanwhile, resistance levels can be found at 89.50, 90.00 and 90.50. The pair’s break above the 89.00 level provided further confirmation of its bullish momentum, and sustained trading above this level could pave the way for continued upside.