| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The common European currency has surged by 2.94% in value against the New Zealand Dollar since January 24. The 50– hour simple moving average has guided the currency pair higher during this period.
All things being equal, the EUR/NZD exchange rate will likely continue to edge higher during the following trading sessions. A breakout could occur through the upper boundary of an ascending channel pattern.
However, a resistance level formed by the weekly R1 at 1.7186 could prevent the breakout within this week's trading sessions.