| 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 | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Eurozone single currency has declined by 1.67% against the New Zealand Dollar since April 13. The currency pair breached the 50– and 200– period SMAs last week.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern at 1.6740.
If the EUR/NZD pair breaks the channel pattern, a decline towards the 1.6500 level could be expected during the following trading sessions.
However, if the ascending channel pattern holds, bullish traders could pressure the currency exchange rate higher during this week's trading sessions.