| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Downside risks have continued to pressure the New Zealand Dollar lower against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern on February 25.
Given that a breakout had occurred, the NZD/JPY exchange rate will most likely continue to edge lower until it reaches the monthly S2 at 67.82 during the following trading sessions.
However, a support cluster formed by the weekly S3 and the monthly S1 at the 69.17 area could provide support for the currency exchange rate within this week's trading sessions.