| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The NZD/JPY currency pair bounced off a support level at 76.50 on October 1. As a result, the New Zealand Dollar surged by 1.22% against the Japanese Yen during this period.
All things being equal, the exchange rate could continue to edge higher. A breakout through the upper boundary of a descending channel pattern could occur during the following trading sessions.
However, if the channel pattern holds, bearish traders might target the support level at 76.25 next week.