| 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) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The NZD/CAD currency pair has been trading down since end of March after the pair reversed south from the psychological level at 0.9300.
As apparent on the chart, the pair has already reached the lower boundary of the long-term descending channel. From a theoretical perspective, it is expected, that the exchange rate reverses north. Important resistance level to look out for is the monthly R1 at 0.9266.
If the given channel does not hold, it is likely, that a breakout south occurs in the nearest future. However, the rate has to surpass the Fibonacci 50.00% retracement at 0.8923.