| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The New Zealand Dollar has appreciated about 1.20% in value against the Japanese Yen since last week's trading sessions. The currency pair was guided up by the 200– hour simple moving average.[/ANNOUNCE]
As for the near future, the exchange rate will likely maintain a junior ascending channel pattern. Bullish traders might target a resistance cluster formed by the weekly R2 and the monthly R1 at 70.53.
Although, the upper boundary of a dominant descending channel pattern at 69.80 could provide resistance for the currency exchange rate during the following trading sessions.