The Kiwi sees gains against the Yen, approaching the 97.00 resistance point.
Daily chart indicators reflect strength, hinting at potential up-move continuation.
Resistance looms at 97.00- 98.00; however, strong buying traction could drive a breakout to the upside.
In Tuesday's session, the NZD/JPY pair saw promising upticks, edging closer to the 97.00 resistance point after a strong defense of the 20-day Simple Moving Average (SMA) at 96.30, which has proven to be resilient against sellers' attempts.
The daily Relative Strength Index (RSI) for NZD/JPY now registers 63, indicating a positive shift and an increase in buying momentum. On the other hand, the Moving Average Convergence Divergence (MACD) continues to print decreasing red bars, suggesting the ongoing consolidation phase may ease for an upward climb.
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