| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has been trading in a medium-term ascending channel against the New Zealand Dollar. The currency pair tested the 2.000 mark during last week's trading sessions.
All things being equal, the EUR/NZD exchange rate will most likely continue to edge higher. A breakout through the upper boundary of the medium-term ascending channel pattern could occur within this week's trading sessions.
However, if the currency exchange rate fails to surpass the 2.000 area, bears could pressure the price south in the shorter term.