| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
We previously described the bounce off of a dominant resistance line on the EUR/NZD pair. Then a speculative short term channel down pattern was drawn, which was expected to be broken just as the previous medium term channel up pattern. Both of these events occurred in the past weeks.
Meanwhile, there is a more important factor to concentrate attention on. The pair has revealed the new medium size pattern. It has the shape of a descending channel, which is aimed at the lower trend line of the dominant pattern.
Most likely the pair will show interesting short term moves, as it goes through various support levels that are set to slow down the decline of the Euro against the Kiwi.