| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The New Zealand Dollar has depreciated about 3.5% in value against the Japanese Yen since mid-September.
As apparent on the 4(H) chart, the exchange rate is trading near the upper boundary of a descending channel pattern at 67.60.
Given that the NZD/JPY currency pair is near the upper line of the descending channel, a breakout could occur in the nearest future.
Although, a resistance cluster formed by the combination of the 100– and 200– hour SMAs at 67.87 could pressure the currency exchange rate lower during the following trading sessions.