| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Since the end of September, the GBP/NZD exchange rate has been trading upward within an ascending channel.
From a theoretical perspective, it is likely that the currency pair could continue to trade upwards within the predetermined channel in the medium term. In this case the pair could reach the Fibo 38.20% at 1.9891 by the end of November.
In the meantime, note that the exchange rate is pressured by the 55– and 100-period moving averages near 1.9580. Thus, a breakout south could occur, and the rate could target the Fibo 61.80% at 1.9218.