NZD/JPY Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Daily MACD above its signal line
- Intraday view is bearish
- Price below the 20-day average
- Daily RSI 42, weak momentum
- 5-day change -0.1%, little net move
- 20-day up 1.1%
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- Daily MACD below zero
- Price below the 40-week average
- 10-week average below the 40-week
- 6-month down 3.9%
- Weekly MACD below its signal line
- Weekly RSI 40, weak momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
NZD/JPY: Bearish below the pivot
Our preference
Below 88.926, look for a move towards 88.166.
Alternative scenario
Above 88.926, expect 89.140 and 89.268.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 34 and MACD is above its signal line.
Full level ladder
| Resistance 3 | 89.268 |
| Resistance 2 | 89.140 |
| Pivot | 88.926 |
| Price | 88.640 |
| Support 1 | 88.166 |
| Support 2 | 88.039 |
| Support 3 | 87.912 |
NZD/JPY: Target level as a potential turning point
Our preference
Below 91.876, look for a move towards 86.294.
Alternative scenario
Above 91.876, expect 94.274 and 95.702.
Comment
Price is approaching our first target at 86.294, which may trigger a pullback; a clear break below it would open the way to 84.880. RSI is at 52 and MACD is above its signal line.
Full level ladder
| Resistance 3 | 95.702 |
| Resistance 2 | 94.274 |
| Pivot | 91.876 |
| Price | 88.640 |
| Support 1 | 86.294 |
| Support 2 | 84.880 |
| Support 3 | 83.467 |
AI market story
Updated 2026-10-28 11:18 UTC+8NZD/JPY leans bearish as momentum fades below key averages
NZD/JPY trades at 88.602, up 0.16% on the day but down 0.14% over five days and up 1.07% over 20 days. Price sits below the 20-day average of 89.023 and the 50-day of 90.416, while daily RSI fell from 54 to 41 and the MACD histogram has shrunk for three straight days.
Price journey: up or down lately?
Recent price action is soft: a 0.16% gain on the day, but a 0.14% loss over five days, with 88.602 below the 20-day average of 89.023. The bounce looks limited and the bias stays mildly lower.
Trend: which way is the bigger picture pointing?
The bigger trend points down. The 50-day average at 90.416 sits above the 20-day, and price is under both, with the technical read short-, medium- and long-term bearish.
Momentum: gaining or losing strength?
Momentum is fading. Daily RSI dropped from 54 five days ago to 41, and although MACD remains above its signal line, the histogram has contracted for three sessions, so upside force is clearly easing.
Key levels: which prices matter next?
Watch 88.926 and 89.140 above as the intraday pivot and first reversal level; below, keep an eye on 88.166 and 88.039, then the daily targets at 86.294 and 84.880, with the 20-day low of 87.725 also in focus.
BOJ decision and Tokyo CPI set to lift NZD/JPY volatility
Focus falls on October 30: Tokyo October CPI is due at 07:30 with expectations at 2.7% versus 2.7% prior, alongside jobs data, and the BOJ rate decision follows at 11:30 with high importance. In the past 34 Tokyo CPI releases, NZD/JPY moved 38.1 points on average and 82.2 points at most over four hours, about 0.9 times normal.
What is coming up on the calendar?
The key event is the BOJ rate decision on October 30 at 11:30, rated high importance. Earlier at 07:30 comes Tokyo October CPI at 2.7% expected versus 2.7% prior, plus the jobs-to-applicants ratio, unemployment rate and two CPI sub-measures, with a Kioxia earnings call at 17:45.
How much do these events usually move the price?
After the past 34 Tokyo CPI releases, NZD/JPY averaged 38.1 points of movement over four hours, with a maximum of 82.2 points, about 0.9 times normal and 47% closing higher. Jobs data saw 39.2 points on average and 77.1 points at most across 33 releases, with 55% closing higher.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
NZD/JPY is above its daily long trailing stop. Long positions can reference 88.500 (0.16% away); it only moves up. A daily close below 88.500 signals the trend is weakening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 42, soft momentum.
- Daily MACD is above its signal line; daily momentum is up.
- Price is inside the daily Bollinger Bands (87.966 to 90.083).
Related economic events this week
| 10-28 09:00 | New Zealand Official Cash RateAfter 19 past releases, NZD/JPY moved 83.0 pips on average in 4 hours (2.4× normal) · max 127.7 pips | 2.75 |
| 10-30 07:30 | Japan Oct Tokyo CPI YoY HighAfter 34 past releases, NZD/JPY moved 38.1 pips on average in 4 hours · max 82.2 pips | 2.7 |
| 10-30 07:30 | Japan Sep Job-to-Applicant RatioAfter 33 past releases, NZD/JPY moved 39.2 pips on average in 4 hours · max 77.1 pips | 1.18 |
| 10-30 07:30 | Japan Sep Unemployment RateAfter 33 past releases, NZD/JPY moved 39.2 pips on average in 4 hours · max 77.1 pips | 2.5 |
| 10-30 07:30 | Japan Oct Tokyo CPI ex Fresh Food & Energy YoYAfter 34 past releases, NZD/JPY moved 38.1 pips on average in 4 hours · max 82.2 pips | 2.6 |
| 10-30 07:30 | Japan Oct Tokyo CPI ex Fresh Food YoYAfter 34 past releases, NZD/JPY moved 38.1 pips on average in 4 hours · max 82.2 pips | 2.6 |
| 10-30 11:30 | Japan BOJ Rate Decision High | — |
| 10-30 17:45 | Japan Kioxia Earnings Call High | — |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for NZD/JPY
None of the financial news we collected in the last 7 days mentioned NZD/JPY directly.
Trade signals for NZD/JPY
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for NZD/JPY.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for NZD/JPY.
Chart patterns in play for NZD/JPY
No active 15-minute to 4-hour patterns for NZD/JPY right now.
FAQ
Where are NZD/JPY support and resistance levels today?
Intraday resistance: 88.926, 89.140, 89.268. Support: 88.166, 88.039, 87.912. Pivot: 88.926 (updated Oct 28, 2026 15:09 UTC+8).
Is NZD/JPY bullish or bearish now?
Intraday: bearish. Short-term (daily): bearish. Bearish below 88.926, targeting 88.166 and then 88.039.
How has NZD/JPY been trading lately?
NZD/JPY leans bearish as momentum fades below key averages. NZD/JPY trades at 88.602, up 0.16% on the day but down 0.14% over five days and up 1.07% over 20 days. Price sits below the 20-day average of 89.023 and the 50-day of 90.416, while daily RSI fell from 54 to 41 and the MACD histogram has shrunk for three straight days.
How do I read the NZD/JPY technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on NZD/JPY?
NZD/JPY is above its daily long trailing stop. Long positions can reference 88.500 (0.16% away); it only moves up. A daily close below 88.500 signals the trend is weakening.
Which economic events matter for NZD/JPY next?
BOJ decision and Tokyo CPI set to lift NZD/JPY volatility. Focus falls on October 30: Tokyo October CPI is due at 07:30 with expectations at 2.7% versus 2.7% prior, alongside jobs data, and the BOJ rate decision follows at 11:30 with high importance. In the past 34 Tokyo CPI releases, NZD/JPY moved 38.1 points on average and 82.2 points at most over four hours, about 0.9 times normal.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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