| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The common European currency has declined by 1.82% against the New Zealand Dollar since last week's trading sessions. The currency pair tested the 1.6550 level on Monday morning.
Everything being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the 1.6400 level.
However, the weekly S1 at 1.6521 could provide support for the EUR/NZD currency exchange rate in the shorter term.