| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The British Pound is trading against the New Zealand Dollar in a short-term descending triangle. Formation of the pattern happened after the currency exchange rate broke the upper trend-line of a preceding practically horizontal ascending channel. By the early Wednesday morning, the currency pair has touched the edges of the triangle four times, which indicates that the breakout is about to happen by the end of the day. From a technical perspective, the pair is expected to leave the formation downwards. This outcome is supported by the monthly PP at 1.7798, which additionally blocks the path upwards. However, even if the drop happens, most likely it will be stopped near the weekly PP at 1.7662, which is backed up by the 55- and 100-period SMAs.