| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The NZD/JPY currency pair has been trading downwards since the middle of April. As apparent on the chart, the pair has already reached the psychological level at 71.20.
Given that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, it is likely, that some downside potential could continue to prevail. The rate could reach the lower boundary of the long-term descending channel located circa 69.75.
It is expected, that the pair could reverse north from the given channel line. However, if the given channel does not hold, could target the psychological level at the 66.00 mark.