| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The New Zealand Dollar has declined by 2.40% against the Canadian Dollar since last week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern on September 22.
Given that a breakout has occurred, bearish traders could continue to pressure the exchange rate lower during the following trading sessions. The potential target for the NZD/CAD pair would be at the 0.8601 level.
However, the currency exchange rate could make a brief retracement towards the 50– period simple moving average at 0.8844 next week.