| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar has been edging higher against the Japanese Yen since November 15. The currency pair has surged by 2.35% in value since last week's trading sessions.
As for the near future, the exchange rate could continue to surge in an ascending channel pattern. The potential target for the NZD/JPY pair will be at the upper boundary of the channel pattern at 74.33.
Furthermore, technical indicators suggest that the currency exchange rate will most likely continue to edge higher during the following trading sessions.