| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The GBP/NZD currency pair has been trading upwards within a long-term ascending channel. Currently, the pair is testing the upper channel line circa 1.9830.
From a theoretical point of view, it is likely that a reversal south could occur in the nearest future, and the exchange rate could continue to decline within the given channel in the medium term. A possible downside target is 1.9000 level.
Meanwhile, note that the currency pair is supported by the 55-hour moving average near 1.9670. Thus, it is likely that a breakout north could occur, and the pair could raise the Fibo 23.60% at 2.0308.