NZD/CAD 4H Chart: Decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]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.[/ANNOUNCE]

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.

Actual Topics