| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Since the beginning of December, the GBP/NZD exchange rate has been trading sideways within an ascending triangle pattern.
From a theoretical perspective, it is likely that the currency pair could continue to consolidate within the predetermined pattern until the beginning of April.
In the meantime, note that the pair is pressured by the 55-, 100– and 200-period moving averages in the 1.9000 range. Thus, a breakout south could occur, and the rate could re-test the psychological level at 1.8600.