| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The British Pound has been appreciating against the New Zealand Dollar since the beginning of September after the GBP/NZD currency pair re-tested the support level—the Fibonacci 38.20% retracement at 1.9037.
Currently, the exchange rate is testing the resistance level formed by the weekly PP at 1.9799. Given that the rate is supported by the 55-, 100– and 200-period SMAs (4H time-frame chart), it is likely that some upside potential could prevail. Important level to look out for is the monthly R2 at 2.0043.
However, if the given resistance level holds, a reversal south could occur in the nearest future. In this case the currency pair could re-test the ascending trend line located in the 1.9400/1.19600 area.