| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The common European currency has surged by 1.79% against the New Zealand Dollar since the end of May. The currency pair tested the 1.7000 level during last week's trading sessions.[/ANNOUNCE]
Everything being equal, the exchange rate is likely to continue to trend bullish during this week's trading sessions. The potential target for the EUR/NZD pair will be near the weekly R3 at 0.9148.
However, bullish traders could encounter resistance at 1.7050 during the following trading sessions.