| 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 | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The common European currency has surged by 1.79% against the New Zealand Dollar since the end of May. The currency pair tested the 1.7000 level during last week's trading sessions.
Everything being equal, the exchange rate is likely to continue to trend bullish during this week's trading sessions. The potential target for the EUR/NZD pair will be near the weekly R3 at 0.9148.
However, bullish traders could encounter resistance at 1.7050 during the following trading sessions.