| 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) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Upside risks have dominated the EUR/NZD currency pair, thus allowing the single European currency to climbed 797 base points or 4.81% against the New Zealand Dollar since June 15.
The exchange rate has been trading along a junior ascending pattern until it tested the upper boundary of the ascending channel and made a U-turn south. Furthermore, the 55– and 100-hour SMAs was providing support for the pair near 1.7232 at the time of this analysis.
Given that the currency exchange rate has moved closer to the bottom border of the junior pattern, a breakout could be expected during the following trading sessions.