Ella 
During intraday trading last Friday, the New Zealand dollar/yen reached a maximum of 90.50, the highest since early December, and then consolidated to 90.30, an increase of 0.25%, before closing at 90.25. Looking at the daily chart, bulls appear to have the upper hand as it paints a bullish outlook. Meanwhile, the four-hour indicator appears to be consolidating an upward trend, suggesting a pause in major buying activity.
Indicators on the daily chart reflect strong buying momentum. The Relative Strength Index (RSI) is in positive territory and trending upwards, indicating increasing buyer power. The rising green bars of the Convergence and Divergence Moving Averages complement this positive outlook, further indicating that the uptrend is strengthening. The pair is trading above all simple moving averages (SMAs) (20, 100 and 200-day), also complementing the bullish bias, which confirms from a broader perspective that bulls are firmly dominating the uptrend.
Switching to a shorter time frame, the 4-hour chart paints a more unclear picture. While the Relative Strength Index remains in positive territory, it has leveled off, suggesting that the buying momentum may be paused. At the same time, the green column of the Convergence and Divergence Moving Average continues to rise, indicating that the upward trend is continuing, but at a slower pace. This combination of signals on shorter time frames suggests that while upward momentum remains, the market may be taking a breather before taking the next move.
