| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar is trading in two neat medium– and long-term channels. The senior pattern was formed in early June, while the junior one initiated as a wave up within the longer-term channel.
The Kiwi tested the senior pattern on Friday and remained near its upper boundary for the following session, as well. After failing to breach the given line, the pair reversed south.
Even if the 100-hour SMA does not hold the rate, it is expected that the combined support of the 200– and 55-hour SMAs is likely to provide an unbreakable barrier that could eventually result in another surge up to the 81.20 area.
Meanwhile, there are currently no indications that the senior pattern might be breached, thus favouring a period of depreciation within the following two weeks. A possible southern target could be the monthly PP at 79.05.