| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
EUR/NZD was trading in a minor channel down prior to breaching it to the upside last week. The given pattern formed as a descending wave in a senior channel up and remained in its range after the above breakout. Further depreciation was halted by a support cluster formed by the monthly S2 and the weekly S1 at 1.5308 and 1.5296, accordingly. It is likely that the Euro tries to form a retracement up to the lower boundary of the senior channel circa 1.5900. This scenario is likewise supported by bullish technical indicators. The closest resistance levels are the 55– and 100-hour SMAs near 1.5450.