| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency declined by 1.56% against the New Zealand Dollar during last week's trading sessions. The currency pair breached the 50– and 200– period SMAs last week.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for sellers will be near the weekly S2 at 1.6453.
However, the weekly support level at 1.6575 could provide support for the EUR/NZD currency exchange rate within this week's trading sessions.