NZD/JPY 4H Chart: Moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒

[ANNOUNCE]The New Zealand Dollar has appreciated about 1.20% in value against the Japanese Yen since last week's trading sessions. The currency pair was guided up by the 200– hour simple moving average.[/ANNOUNCE]

As for the near future, the exchange rate will likely maintain a junior ascending channel pattern. Bullish traders might target a resistance cluster formed by the weekly R2 and the monthly R1 at 70.53.

Although, the upper boundary of a dominant descending channel pattern at 69.80 could provide resistance for the currency exchange rate during the following trading sessions.

Actual Topics