| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The bearish sentiment which guided the NZD/JPY currency pair during the first half of June has changed its direction. The pair has formed a new junior ascending channel which has steered the rate higher.
The New Zealand Dollar bounced off the lower boundary of a downtrend line on July 3 and has since gained 276 pips or 3.73% against the Japanese Yen. During this period of the surge, the pair breached the 55-, 100-, and 200-hour simple moving averages.
As for the near future, it is likely that the currency exchange rate could continue moving in the junior ascending channel until its upper border is breached.