| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The EUR/NZD currency pair has been trading up since the end of March, when the pair reversed from the lower boundary of the long-term ascending channel at the 1.6330 mark.
Given that the pair is supported by the 55-, 100– and 200-hour moving averages, it is likely, that some upside potential could continue to prevail in the market. Potential upside target is the resistance level—the Fibonacci 23.60% retracement at 1.7123.
However, if the given support does not hold, it is expected, that bears could prevail in the market, and the exchange rate could re-test the lower channel line.