| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Eurozone single currency has declined by 2.26% against the New Zealand Dollar since the end of January. The 200– period SMA provided resistance for the currency pair on January 28.
Everything being equal, the exchange rate is likely to continue to edge lower during this week's trading sessions. The potential target for bearish traders would be near the 1.6550 area.
However, a technical support level at 1.6600 could provide support for the EUR/NZD currency exchange rate during the following trading sessions.