| 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 | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Eurozone single currency has edged higher by 1.82% against the New Zealand Dollar since June 4. The EUR/NZD currency pair tested the 1.7100 level on Friday, June 18.
Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to edge higher within this week's trading sessions. A breakout through the upper line of an ascending channel pattern could occur.
However, if the channel pattern holds, a decline towards the 200– period simple moving average at 1.6866 could be expected this week.