| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar has been depreciating gradually against the Japanese Yen for the last three weeks. This movement has been bounded in a descending channel.
As apparent on the chart, the Kiwi has reached the bottom boundary of this pattern and is testing a more junior one. In addition, the solid bearish momentum which prevailed late last week has allayed today, thus sending the pair for a minor consolidation between the 55-hour SMA and a channel line.
These two factors allow to think that a reversal is due in the nearest time. This should be confirmed by a breakout of the 55-hour SMA at 75.20. The rate is likely to target the 55– and 200-period (4H) SMAs and the monthly PP near 75.80 within the following sessions.
Meanwhile, technical indicators still flash bearish signals in the short means. This means that some advance southwards may still occur until 75.40 until the expected reversal takes place.