| 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 | ⇒ | ⇘ | ⇘ |
[ANNOUNCE] 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. [/ANNOUNCE]
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.