Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Sell | Neutral |
Stochastic (5; 3) | Neutral | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar has formed a channel up against the Japanese Yen. Supported by the 55-hour SMA, the Kiwi has gradually approached the upper channel boundary near the 82.50 mark. Technical indicators still favour the rate moving higher; however, it is yet to be seen if this scenario materialises in an upward breakout. It is more likely that the Kiwi respects the boundaries of the given channel in the near term. In order to do so, the pair has to overcome the 55–hour SMA circa 81.42. Additionally, there are various weekly and monthly PPs along the way.