| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
[ANNOUNCE] The New Zealand Dollar has appreciated around 9.65% against the Japanese Yen since the beginning of January. [/ANNOUNCE]
As apparent on the chart, the currency pair has already tested the weekly R1 at 76.51. Given that the exchange rate is being supported by the 100– and 200-hour SMAs, it is expected that bullish momentum prevails in the market. It is likely that the rate reaches the upper boundary of the long-term descending channel located circa 77.75.
However, this advance might not be immediate as the pair has to surpass the monthly R1 at 77.34.