| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The bullish momentum that began early September has guided the NZD/JPY exchange rate higher towards the upper boundary of an ascending channel at 69.58. The Kiwi has appreciated about 2.86% in value against the Yen during this short period.
Currently, the currency pair is traded better the 50– period SMA at 68.89 and the 200– period simple moving average at 68.27.
As for the near future, the exchange rate will most likely continue its bullish momentum. The possible target for bulls would be near the upper border of the channel pattern at 70.19.