| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar has been depreciating against the Canadian Dollar since the end of July after the NZD/CAD currency pair reversed south from the upper boundary of the medium-term descending channel at 0.8890.
Currently, the exchange rate is testing the lower channel line at 0.8610. From a theoretical point of view, it is expected, that a reversal north could occur in the nearest future, and the rate could continue to move within the given trend.
However, note, that the pair is pressured by the 200-hour SMA, currently located at the 0.8690 mark, thus, some downside potential could occur. In this case, the rate could decline to the psychological level at 0.8500 in the short term.