Since the low at the beginning of April, EurNzd has changed the bearish trend and at the end of October reached a high at 1.75. From that top, the pair began to correct and now is trading at 1.67 zone. I expect this rise to resume soon and swing traders can adopt 2 strategies for a new test of 1.75.
1. Buy in the 1.6400-1.6450 zone 2. Look for a daily close above the falling trend line of the falling wedge pattern
In both cases, a drop under 1.6 would negate the bullish scenario