| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The common European currency has surged by 0.91% against the New Zealand Dollar since September 10. A breakout occurred through the upper boundary of a descending channel pattern during last week's trading sessions.
Given that a breakout has occurred, bullish traders could pressure the EUR/NZD exchange rate higher towards the 1.6900 level during the following trading sessions.
However, the 200– period simple moving average at 1.6775 could provide resistance for the currency exchange rate within this week's trading sessions.