| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The New Zealand Dollar has been appreciating against the Canadian Dollar within the rising wedge pattern. Currently, the NZD/CAD exchange rate is trading near the 0.8700 level.
From a theoretical point of view, it is likely that a breakout south could occur within the following trading sessions. In this case the currency pair could gain support of the Fibonacci 23.60% retracement at 0.8551.
However, note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located circa 0.8660. Thus, it is likely that the rate could breach the given pattern north. In this case the rate could target the Fibonacci 50.00% retracement at 0.8886.