| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The New Zealand Dollar has been depreciating against the Japanese Yen since the end of April after the currency pair could not surpass the psychological level at 76.50.
As apparent on the chart, the pair has already reached the psychological level at 72.00. Given that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that some downside potential could continue to prevail. It is expected, that the rate could decline to the lower boundary of the long-term descending channel located circa 70.00.
However, this decline might not be immediate, as the pair has to surpass the monthly S3 located at the 71.02 mark.