| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar has appreciated around 4.80% against the Euro since the beginning of 2019. Also, the exchange rate reached the lower boundary of the long-term ascending channel at 1.6450.
Currently, the currency pair is trading near given channel line. From a theoretical point of view, an upside momentum should prevail in the market within following sessions. A possible upside target is the monthly PP at 1.6776.
However, this advance might not be immediate the rate has to surpass the resistance cluster formed by a combination of the weekly PP, the 200-hour SMA and the Fibonacci retracement in the 1.6576/1.6634 range. Thus, the rate might re-test the lower channel line in the nearest future.