| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar has accelerated against the Japanese Yen during the past two weeks, resulting in the formation of a channel up. This patter is a part of a longer-term descending channel.
It seems that the junior channel was breached to the upside earlier in this session. In case this downward momentum is to persist, it might be possible that the pair's direction in the medium term could be guided towards the lower channel boundary of the senior pattern. In the short term, however, the pair might test a resistance cluster formed by the 100– and 55-hour SMAs, the weekly PP and the monthly R1 near the 81.90 territory.
The base scenario favours the Kiwi reversing from this mark and heading southwards. The 200-hour SMA and the weekly S1 forms the nearest support. In case the aforementioned resistance cluster is breached, a surge should be expected. The upward target—the monthly R2 at 84.82.