| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Euro has been appreciating gradually against the New Zealand Dollar since the beginning of December when the currency pair reversed from the lower boundary of the long-term ascending channel.
From a theoretical point of view, the general direction is expected to be north, as the exchange rate should target the upper channel line located circa 1.8400. The pair has to surpass strong resistance level formed by the Fibonacci 23.60% retracement at 1.7123.
However, this advance might not be immediate as the rate is being pressured by the 55-, 100– and 200-hour SMAs, thus, the rate might re-test the lower channel line located circa 1.6400.