| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Eurozone single currency has declined by 8.50% against the Kiwi Dollar since March 20. The currency pair was guided lower by a junior descending channel pattern during this period.
Currently, the exchange rate is trading near the bottom border of a dominant ascending channel at 1.8061. Most likely, a breakout could occur within the following trading sessions.
However, if the dominant descending channel holds, the EUR/NZD currency exchange rate could make an upward move during this week's trading sessions.