| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The New Zealand Dollar has been trading in an ascending channel pattern against the Japanese Yen since the beginning of the fourth quarter. The currency pair has surged by 8.42% in value during this period.
Everything being equal, the NZD/JPY exchange rate will most likely continue to edge higher during the following trading sessions. A potential breakout could occur through the upper boundary of the channel pattern.
However, the weekly R1 at 72.97 could provide resistance for the currency exchange rate during next week's trading sessions.