| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The single European currency began appreciating against the New Zealand Dollar mid-June when it reversed from the lower boundary of a long-term ascending channel at 1.6600.
Currently, the exchange rate is trading in a two-week descending channel. This pattern can be considered to be a brief retracement down. The pair tested the bottom border of the long-term ascending channel pattern at 1.7550 during the first part of Thursday's session.
A breakout is likely to occur within this session. If this breakout occurs, the currency exchange rate will aim at the weekly S3 at 1.7465 during the following trading sessions.