| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The New Zealand Dollar has declined by 3.98% against the Canadian Dollar since July 31. A breakout occurred through the lower boundary of an ascending channel pattern during this week's trading sessions.
Given that a breakout had occurred, the exchange rate will most likely continue to edge lower during the following trading sessions.
However, the NZD/CAD currency exchange rate is likely to make a pullback towards a resistance level formed by the 50– period simple moving average during next week's trading sessions.