| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Since the middle of October, the GBP/NZD exchange rate has been trading downwards within a falling wedge pattern.
From a theoretical point of view, it is likely that the currency pair could breach the predetermined pattern north in the nearest future. The pair could target the psychological level at 1.9800.
In the meantime, note that the exchange rate could is pressured by the 55-, 100– and 200-period SMAs in the 1.9170/1.9400 range. Thus, some downside potential could continue to prevail in the market.