| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The British Pound has traded against the New Zealand Dollar, as previously expected. The pair reached for a resistance level and bounced off of it. During the move a new medium term pattern was revealed.
However, the pattern is not an ascending one, as it was speculated initially. Instead the pair has formed a descending channel pattern, which is declining close to the lower trend line of the dominant channel down pattern.
Most recently the currency pair has reached the lower trend line of the junior pattern. The pair is likely to continue to fluctuate near that support level until it reaches a stronger support cluster near the 1.8850 mark.