| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar has declined by 2.61% against the Canadian Dollar since March 1. The NZD/CAD currency pair was pressured lower by the 50– period simple moving average during this period.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge lower in a descending channel pattern during the following trading sessions.
However, the weekly support level at 0.8981 could provide support for the currency exchange rate this week.