| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The New Zealand Dollar has been appreciating against the Japanese Yen since the middle of November after the NZD/JPY currency pair reversed north from the 69.00 level.
Currently, the exchange rate is trading near the resistance level—the monthly R3 at 72.62. Given that the rate is supported by the 100– and 200-hour SMAs, it is likely that it could breach the given resistance and continue to extend gains. The rate could target the psychological level at 74.00.
However, if the given resistance holds, it is likely that a reversal south could occur within the following trading sessions. Note that the currency pair could gain support of the monthly R1 and PP, located at 70.98 and 69.93 respectively.