| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/NZD currency pair is currently trading in a three-week ascending channel pattern. The exchange rate tested the 1.7350 level during last week's trading sessions.
Technical indicators demonstrate that the common European currency could edge lower against the New Zealand Dollar during the following trading sessions.
However, if the lower boundary of the three-week ascending channel pattern holds, bullish traders might pressure the currency exchange rate higher towards the 1.7350 level within this week's trading sessions.