| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar has declined by 303 pips or 4.23% against the Japanese Yen since last week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern on June 18.
Given that a breakout had occurred, the exchange rate could continue to decline during the following trading sessions. The possible target for bearish traders would be at the 67.00 mark.
However, a support cluster at the 68.00 level could provide support for the currency exchange rate in the short-term.