| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Sell | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
[ANNOUNCE] The New Zealand has been depreciating against the Canadian Dollar since the beginning of April. This movement has been bounded in the descending channel. [/ANNOUNCE]
As apparent on the chart, the NZD/CAD exchange rate has already reversed north from the lower channel boundary at 0.8690. From a theoretical perspective, it is expected, that the rate could continue to decline within the given trend. Important support level to look out is the Fibonacci 23.60% retracement at 0.8609.
However, note, that the currency pair is pressured by the 55-, 100– and 200-hour SMAs. Thus, if the given channel does not hold, a breakout south could occur in the nearest future.