| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar has been trading in a rising wedge against the Loonie for four months. The pair has likewise formed a short-term channel up valid since early January.
The rate's failure to reach the upper wedge boundary last week suggests that a possible breakout from the wedge might be due and, given that this senior pattern was entered from above, a breakout south is the most likely scenario.
If looking at today's trading session, the pair was testing the strong support of the 55– and 200-hour SMAs near 0.91. The Kiwi might hinder near this level within the following trading hours; however, the general tendency should nevertheless be southwards towards the 23.60% Fibo retracement and the bottom boundary of the senior wedge circa 0.9060.
In case the 0.91 level holds, the nearest upside target for the following sessions could be the six-month high of 0.9180.