{"id":12964,"date":"2025-05-06T11:42:41","date_gmt":"2025-05-06T11:42:41","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=12964"},"modified":"2025-05-08T13:59:11","modified_gmt":"2025-05-08T13:59:11","slug":"nzdjpy-may-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/chart-of-the-day\/nzdjpy-may-2025\/","title":{"rendered":"Kiwi Fights Back: NZD\/JPY Breaks Multimonth Trendline to Upside"},"content":{"rendered":"\n<p>After a multi-month downtrend, NZD\/JPY has broken a significant trendline resistance dating back to November 2024- flashing a sign of resilience, or perhaps a glint of a trend reversal&#8230;?<\/p>\n\n\n\n<p>Only time will tell &#8211; but the message is clear: Though Kiwis can&#8217;t fly, this pair could perhaps take off.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Broader Implications if NZD\/JPY Recovers<\/h2>\n\n\n\n<p>The Kiwi Dollar is well known to be a risk-on currency.<\/p>\n\n\n\n<p>This potential breakout is perhaps a clue that investors have regained some hope in the markets; especially with positive NFP Jobs Reports, and the successful minerals deal between U.S. and Ukraine.<\/p>\n\n\n\n<p>However, we must stay vigilant as tomorrow is the FOMC, where unexpected volatility may impact the markets. Hawkishness is expected; but if it is unexpectedly hawkish, NZD\/JPY may struggle in its recovery.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technical Breakdown of NZD\/JPY 1D Chart<\/h2>\n\n\n\n<p>So far, NZD\/JPY 1D is printing what appears to be a <strong>classic bear trap<\/strong>. There is a <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/the-rsi-divergence-explained\/#:~:text=A%20regular%20bullish%20RSI%20divergence,suggesting%20bearish%20momentum%20is%20weakening.\">Class B Bullish Divergence<\/a>, where the RSI is forming equal lows but the price is forming a significant lower low.<\/p>\n\n\n\n<p>Alongside the trendline break, if NZD\/JPY can hold above 85, then a rally towards the 90 price range would seem more likely.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1051\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/COTD-25.05.06-NZDJPY.jpg\" alt=\"\" class=\"wp-image-12967\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/COTD-25.05.06-NZDJPY.jpg 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/COTD-25.05.06-NZDJPY-300x205.jpg 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/COTD-25.05.06-NZDJPY-1024x701.jpg 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/COTD-25.05.06-NZDJPY-768x526.jpg 768w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/figure>\n\n\n\n<p>In the event NZD\/JPY cannot hold 85, a retracement towards the support between 83 and 84 is possible. This region aligns nicely with a <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/#:~:text=Fibonacci%20retracement%20is%20a%20tool,of%20the%20two%20preceding%20numbers.\">50% Fibonacci retracement<\/a> at 83.16, which could provide the fuel for a bounce. But if not; we can look towards the 61.8% retracement at 82.37.<\/p>\n\n\n\n<p><strong>You may also be interested in:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ILH0K0sOHR\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/yen-joins-gold-at-the-hip\/\">Yen Joins Gold at the Hip (USDJPY Elliott Wave)<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Yen Joins Gold at the Hip (USDJPY Elliott Wave)&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/yen-joins-gold-at-the-hip\/embed\/#?secret=sn4SUsL2WL#?secret=ILH0K0sOHR\" data-secret=\"ILH0K0sOHR\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kiwi dollar just broke out from a major trendline resistance, signalling a risk-on mentality for the markets. Will it hold, or will we falter? Analysis here.<\/p>\n","protected":false},"author":159,"featured_media":12965,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-12964","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kiwi Fights Back: NZD\/JPY Breaks Multimonth Trendline to Upside - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Kiwi dollar just broke out from a major trendline resistance, signalling a risk-on mentality for the markets. Will it hold, or will we falter? 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