| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The GBP/NZD currency pair has been trading within the ascending channel since the end of January.
From a theoretical perspective, it is likely that the British Pound could continue to appreciate gradually against the New Zealand Dollar within the given trend in the medium term. In this case the exchange rate could reach the 2.1200 level by the end of April.
However, the currency pair would have to surpass the resistance level formed by the monthly R1 at 2.0802. If the given level holds, it is likely that a breakout south could occur within the following trading sessions. In this case the pair could gain support from the Fibo 23.60% at 1.9588.