EUR/NZD chart on Trading View used for analysis
- EUR/NZD edges lower from session highs at 1.6773, trades 0.28% lower on the day at 1.6684 at the time of writing.
- The pair has likely resumed weakness after brief recovery in previous week's trade.
- Upside remains capped at 5W SMA at 1.6786, further upside only on break above.
- Momentum studies are bearish, we see scope for further weakness.
- The pair is exteding choppy trade at 110W-EMA support. Break below to see further downside.
- Next major support lies at 200W SMA at 1.6197. Bearish invalidation only above 200-DMA.
Support levels - 1.6564 (Nov 16 low), 1.6357 (weekly cloud base), 1.6197 (200W SMA)
Resistance levels - 1.6820 (20-DMA), 1.6942 (weekly cloud top), 1.7143 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Stock Futures Dip as Investors Await Key Payrolls Data
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Urban studies: Doing research when every city is different
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: USD/CAD pauses decline,critical support lies ahead
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 



