NZD/JPY Price Analysis: Bullish momentum gains as bears failed to conquer the 20-day SMA

The NZD/JPY rose to 91.59 on Monday and maintains a steady uptrend. Indicators on the daily and hourly charts are favoring the buyers and as the bears failed to breach the 20-day Simple Moving Average (SMA)

Sentiment is: Positive

Technical Analysis

NZD/JPY is moving towards a key support level at 91.1790. This is a previously tested level for NZD/JPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

NZD/JPY approaching important level of 91.1790

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