NZD/JPY 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇗⇒

[ANNOUNCE]The New Zealand Dollar has declined by 1.29% against the Japanese Yen since this week's trading sessions. The currency pair breached the 50– and 200– period SMAs on April 22.[/ANNOUNCE]

Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern at 77.37 and could be set for a breakout.

If the breakout occurs, a decline towards the 76.00 level could be expected during the following trading sessions.

However, if the channel pattern holds, buyers are likely to pressure the NZD/JPY currency exchange rate higher next week.

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