The daily RSI reveals that market momentum is currently dominated by sellers.
The daily MACD presents flat green bars, indicating a lack of buying traction.
In the hourly chart, the RSI shows slight improvement, suggesting sellers losing some ground.
The NZD/JPY stabilized at around 90.94 and managed to clear most of its daily losses. However, in the shorter time frames, there are signs of a bullish recovery.
The daily Relative Strength Index (RSI) hovers in the negative territory. The most recent reading fell to 48, reflecting a market momentum currently dominated by sellers. Furthermore, the Moving Average Convergence Divergence (MACD) histogram prints flat green bars, indicating a lack of positive momentum.
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