| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The GBP/NZD exchange rate has been trading upwards since the end of July after it reversed north from the descending trend line at the 1.8280 mark.
Currently, the currency pair is testing the psychological level at 1.8950. Note, that the pair is supported by the 55-, 100– and 200-hour SMAs, currently located in the 1.8790/1.8858 range. Thus, the rate could surpass the given resistance and continue to extend gains. However, note, that the rate has to surpass the Fibo 38.20% at 1.9037.
If the given resistance holds, a reversal south could occur within the following trading sessions. A possible downside target is the Fibonacci 61.80% retracement at the 1.8146 mark.