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EUR/NZD Signal - NZD Westpac Consumer Survey - 20 Sep 2021

Long
Euro / New Zealand Dollar (FX:EURNZD)  
ToniSignals  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Beyond Technical Analysis Wedge EURNZD kiwi euro LONG Forex forexsignal signalservice forexsignalservice
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EURNZD is trending to the upside prior to the NZD Westpac Consumer Survey data, which usually is based on a survey during which respondents rate their opinion on different issues concerning current and future economic conditions. Technically the pair is grinding to the upside, but is lagging behind gains made on EURAUD. We anticipate the pair to make gains and catch up to the highly correlated counterpart.

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