| 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) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 2.25% against the Canadian Dollar since last week's trading sessions. The NZD/CAD currency pair breached the 0.9300 level this week.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the 0.9124 area.
However, the 50– period simple moving average at 0.9207 could provide support for the currency exchange rate in the shorter term.