| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Euro continued to appreciate gradually against the Turkish Lira. However, the EUR/NZD exchange rate could not surpass the psychological level at 6.5500.
Currently, the rate is testing the Fibonacci 61.80% retracement 6.3791. Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, most likely, that an upside momentum remains to prevail in the market. A possible upside target is the psychological level at 6.6000.
It is unlikely, that bears would prevail in the market in within the following trading sessions, and the pair would surpass the monthly PP at 6.0304.