- The daily chart for NZD/JPY reveals continuing bullish momentum, with indicators in positive terrain.
- The hourly indicators are correcting overbought conditions.
The NZD/JPY tallied daily gains on Tuesday’s session and rose to 91.78. The pair maintains a solid footing above all main Simple Moving Averages (SMAs), which may signal additional strength despite intra-day pull-backs seen during the American session. Indicators remain strong on the daily chart but the hourly ones are losing traction as they are correcting overbought conditions.
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