| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 119 pips or 1.35% against the Canadian Dollar since this week's trading sessions. The currency pair breached the 50– and 200– period SMAs on November 4.
As for the near future, the exchange rate could continue to edge up in an ascending channel pattern. The potential target for NZD/CAD pair would be near the 0.8960 level.
However, a resistance cluster near the 0.8900 area could provide resistance for the currency exchange rate during the following trading sessions.