| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 1.35% against the Canadian Dollar since last week's trading sessions. The currency pair breached the 0.9100 level on December 17.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to edge higher during the following sessions. The potential target for the NZD/CAD pair would be near the 0.9250 level.
However, the weekly resistance level at 0.9111 could provide resistance for the currency exchange rate within this week's trading sessions.