The NZD/JPY pair edged slightly higher during Tuesday’s session, reaching 91.05 and posting a modest 0.15% gain. While bears maintain short-term dominance, a bullish reversal could be on the horizon – especially over a longer timeframe.

The daily chart reveals a bearish bias for NZD/JPY. The Relative Strength Index (RSI), previously trading in positive territory, has dipped into the negative zone. This drop, along with a recent upswing, highlights ongoing volatility. Turning to the hourly chart, the RSI displays early signs of a bullish shift, fluctuating between negative and positive readings with the most recent move pushing into positive territory. However, the Moving Average Convergence Divergence (MACD) histogram shows rising red bars, signaling that bears remain a persistent force.

While currently trading below the 20-day Simple Moving Average (SMA), NZD/JPY maintains a broader bullish trajectory. The pair’s position above the 100- and 200-day SMAs confirms this longer-term positive outlook. Buyers should remain focused on pushing past the 20-day SMA to sustain the upward climb.