| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The common European currency has declined by 1.79% against the New Zealand Dollar since March 24. The decline was stopped by the 200– period SMA during yesterday's trading sessions.
Everything being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the EUR/NZD pair will be near the 1.6500 level.
However, the 200– period simple moving average at 1.6666 could still provide support for the currency exchange rate this week.