| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/NZD exchange rate has been stranded in a descending tringle for the last eight months.
The upper boundary of this pattern is a trend-line, while the southern one is set by the pair's five-month low at 1.6580. The common European currency reversed from this support mid-June and has since reached the 61.80% Fibonacci retracement at 1.7020.
The pair could push higher during the following two sessions; however, it being located near the overbought territory on the 4H chart could be an early indication of a possible correction south. The most probable target is either the 200- or 100-period (4H) SMAs at 1.6850 and 1.6750, respectively. Both are reinforced by other support levels.
The Euro should eventually resume its appreciation towards the upper triangle line near 1.72.