| 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 | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The New Zealand Dollar has been trading in an ascending channel pattern against the Japanese Yen since May 14. The currency pair has surged by 385 pips or 5.79% since this week's trading sessions.
As for the near future, the exchange rate could continue to edge higher. Buyers could target the 72.00 level during the following trading sessions.
However, the NZD/JPY currency exchange rate could reverse from the current price level at 70.65 and aim for the lower boundary of the ascending channel pattern during next week's trading sessions.