| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The British Pound has been appreciating against the New Zealand Dollar since the beginning of January when the GBP/NZD exchange rate failed to surpass the 1.9500 level.
Currently, the currency pair is testing the resistance level formed by the monthly R1 at 2.0285. If the given resistance does not hold, it is likely that some upside potential could continue to prevail in the market. However, note that the pair would have to surpass the Fibo 0.50% at 2.0460.
If the given Fibonacci retracement holds, it is likely that bears could prevail in the market, and the exchange rate could target the Fibo 23.60% at 1.9588.