| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The British Pound has been depreciating against the New Zealand Dollar since the middle of April after the GBP/NZD currency pair failed to exceed the 2.1000 level.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages in the 1.9900/2.0100 range. Thus, some downside potential could prevail in the market. In this case the rate could gain support in the 1.9218/1.9555 range from the Fibos 61.80% and 50.00%.
If the given support holds, it is likely that a reversal north could follow, and the pair could re-test the 2.1000 level. Otherwise, the rate could reach the psychological level at 1.9000.