| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Common European currency has appreciated substantially against the New Zealand Dollar during the past month. This bullish momentum has pressured the currency pair higher toward an eight-month high at 1.7377.
After reaching the monthly pivot point near the 1.73 mark, the exchange rate made a corrective move south. However, the pair is still maintaining the ascending channel pattern at the time of this analysis.
As for near future, the EUR/NZD currency exchange rate is likely going to continue moving north during the following trading sessions until the pair breached the aforementioned monthly resistance level near the 1.73 regions.