| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The New Zealand Dollar has surged by 261 pips or 3.07% against the Canadian Dollar since June 1. The currency pair tested the 0.8750 area during the Asian session on Friday.
Technical indicators demonstrate buying signals on both the smaller and the larger time-frame charts. Therefore, the exchange trade would continue to trend bullish during the following trading sessions.
However, the upper boundary of an ascending channel pattern could provide resistance for the currency exchange rate during the following trading sessions.