EurNzd confused market if break ressistance then long run
Positive Economic Data: Strong economic indicators from the Eurozone, such as robust GDP growth, low unemployment rates, or rising inflation, could boost confidence in the Euro and attract investors.
Diverging Monetary Policy: If the European Central Bank (ECB) adopts a more hawkish stance, raising interest rates or signaling tighter monetary policy, while the Reserve Bank of New Zealand (RBNZ) maintains a more accommodative policy, it could lead to a relative strengthening of the Euro against the New Zealand Dollar.
Risk Sentiment: Changes in market sentiment or global risk appetite can impact currency exchange rates. If investors perceive the Eurozone as a safer or more attractive investment destination compared to New Zealand, it could drive increased demand for the Euro.
Diverging Monetary Policy: If the European Central Bank (ECB) adopts a more hawkish stance, raising interest rates or signaling tighter monetary policy, while the Reserve Bank of New Zealand (RBNZ) maintains a more accommodative policy, it could lead to a relative strengthening of the Euro against the New Zealand Dollar.
Risk Sentiment: Changes in market sentiment or global risk appetite can impact currency exchange rates. If investors perceive the Eurozone as a safer or more attractive investment destination compared to New Zealand, it could drive increased demand for the Euro.