| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
The British Pound has been depreciating gradually against the New Zealand Dollar since the beginning of March.
As apparent on the chart, the GBP/NZD exchange rate has already reversed north from the lower boundary of the medium-term ascending channel at 1.8950. Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, the short-term increase expected. However, the rate has to surpass strong resistance level located at 1.9500. If the pair surpasses given level, next upside target is expected to be the Fibonacci 23.60% retracement at 1.9749.
If given resistance holds, it is likely that the pair reverses south and re-tests the lower channel line located circa 1.9050.