| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The New Zealand Dollar has surged by 215 pips or 3% against the Japanese Yen since November 23. The NZD/JPY currency pair tested the 74.00 level on December 2.
Given that the exchange rate has breached the lower boundary of an ascending channel pattern, bearish traders are likely to pressure the price lower during the following trading sessions.
However, the 50– hour simple moving average at 73.29 could provide support for the currency exchange rate in the shorter term.