| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar has declined by 4.31% against the Japanese Yen since last week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern this week.
Given that a breakout has occurred, bearish traders are likely to continue to drive the exchange rate lower during the following trading sessions. The potential target NZD/JPY pair will be near the 74.00 level.
Although, the currency exchange rate is expected to make a brief pullback towards the 77.00 level next week.