As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
EURNZD (H4-28 / 5/2020) Can buy wave feed (c)
After hitting my 61.8 fib level, we caught a MASSIVE drop and have secured 235 pips on EURNZD. However, I can see it dropping until the next support at 1.6590 as said in my previous ideas on this pair, before we see a possible bounce. That's a total of +300 pips!
We have got a bulling divergence here to go long in EurNzd pair. Buy around 1.6480 level with Sl 1.6280 and Tp1 1.6700 & Tp2 1.7000 ... Must use money management and SL Good Luck....