| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
Since the end of December, the GBP/NZD exchange rate has been trading within a symmetrical triangle pattern.
Given that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 1.8930/1.9000 range, it is likely that a breakout south could occur. The pair could decline to the 1.8130 mark.
Meanwhile, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the Fibonacci 50.00% retracement at 1.9555.