| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The single European currency has edged higher by 2.73% against the New Zealand Dollar since the past two weeks. The currency pair tested the 1.8200 level on August 20.
Currently, the exchange rate is trading near the 50– period simple moving average at 1.8062.
If the 50– period SMA holds, bullish traders are likely to pressure the EUR/NZD pair higher during the following trading sessions.
However, if the currency exchange rate breaks the support level, a decline towards the 1.7700 area could be expected within this week's trading sessions.