| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar continued to appreciate against the Japanese Yen, however, the NZD/JPY currency pair could not surpass the psychological level at 76.50.
Currently, the pair is trading at the monthly PP at the 75.68 mark. Given that the exchange rate is being supported by the 55-, 100– and 200-hour SMAs, it is likely that some upside momentum prevails in the market. A possible upside target is the upper boundary of the long-term descending channel located circa 77.30.
However, this advance might not be immediate, and the rate might re-test the monthly S1 at 74.58.