| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The long-term movement of the GBP/NZD exchange rate is being guided by an ascending wedge. This pattern was formed mid-September, 2017.
By early July, the Pound was trading near its upper boundary, but it still lacked the necessary momentum to reach the given line and the nearby-located monthly R1. The pair started trading sideways and consequently breached the prevailing trend-line in response to a strong hourly plunge today.
Longer-term technical indicators suggest that that rate should actually recover and continue trading towards the senior pattern circa 1.9650. In the short-term, some bearish correction could still follow. This decline, however, should not exceed the monthly PP and the 55– and 100-day SMAs near the 1.93 level.