EUR/NZD 4H Chart: Likely to edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
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.

Actual Topics