| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The 200– period simple moving average pressured the common European currency against the New Zealand Dollar during last week's trading sessions. The currency pair bounced off the lower boundary of an ascending channel pattern at 1.6507 on March 18.
Everything being equal, the exchange rate is likely to continue to trend higher in the channel pattern during the following trading session. The potential target for buyers will be near the 1.6800 level.
However, the 200– period SMA at 1.6645 could still provide resistance for the currency exchange rate within this week's trading sessions.