| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE]The NZD/CAD exchange rate has been trading in a narrow ascending channel since mid-May. The currency pair bounced off the lower boundary of the narrow pattern on May 15 and has since gained 390 base points.[/ANNOUNCE]
The New Zealand Dollar has reached the upper boundary of a medium-term descending channel and could be prepared for a breakout within the next trading sessions.
If and when the aforementioned breakout occurs, the currency exchange rate could begin a new wave to the upside within the following week. However, the price movement first needs to surpass strong resistance cluster at 0.91 set by the weekly and monthly PPs.