EURNZD; Sell on rallies

FX:EURNZD   Euro / New Zealand Dollar
101 1 5
EUR/NZD recovered after showing a mild decline below 100-day EMA . The pair jumped till 1.5205 at the time of writing. It is currently trading around 1.51879.

It should break above resistance 1.52100 (support turned into resistance) for further bullishness. Short term trend of the pair is still weak and is expected to show weakness in the coming days .

NZD is trading strong against all major pair on expectations that dairy prices is set to rise for the third in a row in the GDT auction.

On the lower side, 1.5185 will be acting as major support and any break below 1.51375 ( 61.8% retracement of 1.5095 and 1.52045)/1.5090.
Any break above 1.52100 will take the pair till 1.5280/1.5336 ( 61.8% retracement of 1.54854 and 1.50952).

It is good to sell on rallies around 1.52100-1.5215 with SL around 1.5255 for the TP of 1.5095.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out