On the daily and weekly charts there are hammer
candles and crossing of stochastics. Similar to NZDCAD
had an emotional response to the announcement of the NZ
interest rate change because it matched expectations. Then it moved rationally, which is up because NZD is headed down faster than EUR. This created the hammer
candles. This "rational" movement (up for EURNZD
) is expected to be the primary continuing direction.