Daily chart signals rising selling traction with the pair now below the key level of 90.50.
Hourly chart indicators depict a potential consolidation period with indicators somewhat flat.
The last hope for the cross is now the 200-day SMA.
In Thursday's session, the NZD/JPY declined to 90.40, with a decline of 0.43%. Bears are in control after successfully conquering the 100-day Simple Moving Average (SMA) while the selling momentum seems to have flattened on the hourly time frame.
On the daily chart, the NZD/JPY pair exhibits a faltering momentum. Despite intermittent upticks, the Relative Strength Index (RSI) has spent much of the last sessions in negative territory, indicating a dominance of sellers. The Moving Average Convergence Divergence (MACD) complements this view as it showcases rising red bars, pointing toward an increase in negative momentum
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