| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound has been appreciating against the New Zealand Dollar after the currency pair reversed from the psychological level at 1.8200 at the middle of December. This movement has been bounded in the ascending channel.
As apparent on the chart, the exchange rate is trading near the lower channel line located in the 1.8730 area. From a theoretical point of view, it is likely that the pair reverses north from given boundary in the nearest future. Potential upside target is the Fibonacci 23.60% retracement at 1.9749.
However, if given channel does not hold, it is expected that a breakout south occurs soon and the pair targets the monthly S1 at 1.8384.