| 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 | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
During last week's trading sessions, the Eurozone single currency fell by 1.65% against the New Zealand Dollar. The currency pair is currently trading in a narrow descending channel pattern.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to trend lower during the following trading sessions.
However, the EUR/NZD currency exchange rate could encounter support near the 1.6500 level this week.