| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The common European currency has surged by 2.24% against the New Zealand Dollar since July 12. The currency pair breached the 1.7550 level on Monday morning.
All things being equal, the exchange rate could continue to trend bullish within this week's trading sessions. The potential target will be near the psychological level at 1.7700.
However, the upper boundary of an ascending channel pattern at 1.7600 could provide resistance for the currency exchange rate during the following trading sessions.