| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The price movement of the NZD/JPY currency pair has been guided by long and medium-term channel down. The exchange rate has re-tested the upper boundary of the medium-term channel and made a U-turn south.
During the past two-week, the pair has developed a new junior pattern and the rate bounced off the lower boundary on March 22 and has since surged. The currency exchange rate has moved closer to the up border of the junior ascending channel and could be set for a breakout. Furthermore, a cluster set by the weekly pivot point with the combination of the 55– hour simple moving average near 76.63 was providing support for the pair.
Meanwhile, technical indicators suggest the Kiwi is likely to decline further south within this session.