| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
EUR/NZD was trading in a neat ascending channel since early April until the senior channel reached on May 14 halted any attempts to move above the 1.73 mark. The pair has since edged lower and breached the 55-, 100– and 200-hour SMAs. The medium-term channel was likewise surpassed mid-today.
It is likely that the pair still edges lower during the following hours down to the psychological 1.70 mark. However, this support area is very strong, as the weekly S1, the 55-day and 200-period (on 4H chart) SMAs are likewise located there. It means that bears may lack the necessary momentum to dash through this cluster. In case this breakout occurs, the pair is likely to fall even lower and thus gradually approach the senior channel circa 1.67.
Meanwhile, a bullish reversal near 1.70 would send the Euro for a test of the senior channel and the weekly R2 at 1.73 and maybe even higher up to the 1.76 level.