| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Buy | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/NZD currency pair has been trading in a long-term ascending channel. The bullish momentum in this channel, however, has diminished considerably, as the Euro has failed to overcome the 1.7150 area on three separate occasions since December, 2017.
The latest test of this area occurred on March 21. The pair has since edged lower, thus gradually approaching the bottom boundaries of both the senior and junior channels near 1.69.
Technical indicators suggest that the pair might find support at the 55-, 100– and 200-hour SMAs near 1.7060 in this session and presumably test the aforementioned resistance one more time.
Subsequently, the Euro should fulfil the bearish scenario and target the 1.69 area during the following two weeks.