| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
A long-term descending channel has guided the price movement of the New Zealand Dollar. The decline began late January when it reversed from the upper boundary of a dominant channel.
After reaching near the lower boundary of a junior descending channel, the NZD/JPY currency pair changed it market sentiment. As a result, the rate breached the upper border of a downtrend line.
Everything being equal, it is likely that the currency exchange rate makes a correction move down for a possible confirmation of an upwards movement during the following trading sessions.