| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The EUR/NZD currency pair has been trading upwards since the beginning of April when it reversed north from the lower boundary of the long-term ascending channel at the 1.6336 mark.
As apparent on the chart, the European Common Currency has reached the Fibonacci 23.60% retracement at 1.7123. Note, that the rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, some downside potential could prevail in the market, and the pair could re-test the lower channel line.
If the given resistance does not hold, the rate could maintain its growth. A potential upside target is the psychological level at the 1.7600 mark.