| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar has continued to trade in a descending channel pattern against the Japanese Yen. The 50-hour simple moving average has pressured the currency pair down during the past two weeks.
The NZD/JPY exchange rate is currently trading near the bottom border of a medium-term descending channel at 67.24. From a theoretical point of view, a breakout could occur today.
If the breakout occurs, bearish traders could dominate the currency exchange rate until the end of this week's trading sessions.