| 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 | ⇒ | ⇒ | ⇒ |
[ANNOUNCE] 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. [/ANNOUNCE]
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.