**Monthly Chart**
The price was in the long-term sideways range from 2017 till date between 1.82600 and 2.13000. It peaked above the high twice in Mar 2020 and recently in Aug 2023 (creating double tops) but was unable to sustain the move higher.
Last month's candle opened at the high and closed as bearish within the range of the previous month's candle. This still suggests that the move is bearish for the coming weeks. However, we need to see if the price can break the low at around 2.0300 level or bounce from that level to continue the range movement.
**Weekly Chart**
Over the last few weeks, the price tried to break the high at around 2.1000 level. But was unsuccessful as it bounced from the level creating tripled tops. Last week candle closed lower suggesting that the directional bias for the upcoming week will continue lower.
**Daily Chart**
Similar to EURNZD, this pair moved lower after it bounced from the high of 14.11.2023 creating double tops. This is a clear bearish movement. The next target is at around the 2.0300 level.
The price was in the long-term sideways range from 2017 till date between 1.82600 and 2.13000. It peaked above the high twice in Mar 2020 and recently in Aug 2023 (creating double tops) but was unable to sustain the move higher.
Last month's candle opened at the high and closed as bearish within the range of the previous month's candle. This still suggests that the move is bearish for the coming weeks. However, we need to see if the price can break the low at around 2.0300 level or bounce from that level to continue the range movement.
**Weekly Chart**
Over the last few weeks, the price tried to break the high at around 2.1000 level. But was unsuccessful as it bounced from the level creating tripled tops. Last week candle closed lower suggesting that the directional bias for the upcoming week will continue lower.
**Daily Chart**
Similar to EURNZD, this pair moved lower after it bounced from the high of 14.11.2023 creating double tops. This is a clear bearish movement. The next target is at around the 2.0300 level.
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