| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The GBP/NZD exchange rate has been guided by a two-month descending channel.
Given that the previously-existing channel up was breached late in December, the Pound could be poised for a period of decline in the medium term. This scenario, however, is not expected to occur within the following week or two, as the pair is gradually moving towards the upper boundary of senior channel circa 1.92.
Technical indicators demonstrate that the rate could trade sideways this week; however, the general direction should still be tended north. The nearest support is provided by the 100-hour SMA and the weekly PP circa 1.9050. This area could is expected to hold today, thus reversing the pair towards the weekly R1 at 1.9150.