| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Japanese Yen has been appreciating against the New Zealand Dollar since the beginning of December when the exchange rate reversed south from the upper boundary of the long-term descending channel at 78.70.
As apparent on the chart, the currency pair has already reversed from the lower channel line at 71.00. From a theoretical point of view, it is likely that the pair targets the upper trend line located circa 78.00.
However, this advance might not be immediate as the rate is being pressured by the 55-, 100– and 200-hour SMAs, thus, the pair might re-test the lower trend line in the nearest future.