EUR/NZD 4H Chart: Large scale bounce off

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3) Neutral Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The EUR/NZD currency pair has not been reviewed for some time. However, there also have not been large changes occurring during that time.  

The currency exchange rate has bounced off the most dominant resistance in the middle of November, which resulted in a decline down to the 1.7150 mark. Afterwards the pair surged and bounced off the monthly S1 near the 1.74 mark.

However, in regards to recent development and near future, it is more important to mention that the pair is once more at the 1.7150 level, which is providing support. 

A continuation of the decline of the rate is set to occur, when the support of the 1.7150 is passed.

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