| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇘ |
NZD/CAD has been trading in an ascending channel since early November. The rate failed to reach its upper boundary last week when a more senior channel reversed the rate southwards near the 0.9160 mark.
The strong hourly plunge on January 24 resulted in the pair dashing through various support levels. Its subsequent movement was tended south and constrained in a minor descending channel.
Converging technical indicators suggest that the pair should soon reverse back to the upside and approach the senior channel circa 0.9140. However, the Kiwi faces a strong resistance area near 0.9080 that could hinder further advance for a session or two.
In case the bearish sentiment takes the upper hand, downside potential should be realised circa 0.8950.