NZD/JPY 4H Chart: Struggles near 79.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar has been making one attempt after another in an effort to pass a resistance level against the Japanese Yen.

The attempts are occurring as the rate surges because the resistance is represented by an upper trend line of a channel up pattern. 


The rate is highly unlikely going to pass the resistance because at the current course the Kiwi is set to meet with the 50.00% Fibonacci retracement level against the Yen. Afterwards the pair should reveal a new junior pattern.

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