| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Recently, the EUR/NZD currency pair has reached the lower boundary of the long-term ascending channel at 1.6325.
As apparent on the chart, the pair has already reversed north. Currently, the exchange rate is testing the weekly R1 at the 1.6602 mark. Given that the rate is being supported by the 55– and 100-hour SMAs, it is likely that bulls prevail in the market in the nearest future. Important resistance level to look out for located at 1.6750.
If the given resistance holds, it is expected that the pair reverses south and re-tests the lower channel line.