| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The GBP/NZD currency pair has been trading downwards within a falling wedge pattern since the beginning of August.
From a theoretical perspective, it is likely that the exchange rate could continue to decline within the given pattern in the medium term. Note that the rate could gain support from the Fibo 61.80% at 1.9218.
If the predetermined support level holds, it is likely that a breakout north could occur in the nearest future. In this case the pair could target the Fibo 23.60% at 2.0308.