| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
During last week's trading sessions, the New Zealand Dollar declined by 1.65% in value against the Canadian Dollar. The currency pair was pressured south by the 50– and 100– hour SMAs.
The exchange rate made a U-turn north from a support cluster formed by the weekly S1 and the monthly S2 at 0.8488 during yesterday's trading session.
All things being equal, the NZD/CAD pair will most likely continue to trade bullish within this week's trading sessions.
However, a resistance cluster at 0.8617 could provide resistance for the currency exchange rate in the shorter term.