Bulls target resistance at 91.00, breakout could extend gains.
The NZD/JPY pair, after posting a 0.20% drop on Wednesday, continues to consolidate above the 90.00 mark. The bulls are holding on to their control of the market, with the technical indicators <wbr>indicating a still-bullish outlook. The Relative Strength Index (RSI) currently stands at 60, suggesting that buying pressure persists. On the other hand, the Moving Average Convergence Divergence (MACD), a momentum indicator, is showing flat green bars, which points to a flattening of buying pressure. Overall, the NZD/JPY outlook remains positive, with the bulls looking towards a potential breakout above the 91.00 mark.
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