| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar reversed from the upper boundary of a dominant descending channel pattern at 73.29 on July 22. The currency pair has breached both the 50-, 100– and 200-hour SMAs since last week's trading sessions.
A breakout occurred through the bottom border of an ascending channel on Tuesday.
Given that a breakout had occurred, most likely, the NZD/JPY pair will continue its downward swing until it reaches the monthly S1 at 71.02.
However, a brief retracement towards the 200-hour simple moving average at 71.93 could be expected during the following trading sessions.