| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 143 pips or 1.62% against the Canadian Dollar since July 16. The currency pair breached the weekly resistance level at 0.8968 during yesterday's trading session.
Technical indicators suggest buying signals on all time-frame charts. Most likely, the exchange rate will continue to edge higher during next week's trading sessions. The potential target will be at the 0.9100 level.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at 0.9031 could provide resistance for the currency exchange rate in the shorter term.