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- EUR/NZD has made a low of 1.6876 (trend line joining 1.6389 and 1.6410) and recovered from that level.
- Any further weakness can be seen only below trend line 1.6875 and break below targets 1.6800/1.6745.
- The pair's minor resistance is around 1.7080 and break above targets 1.7161/1.7260/1.7350.
- The minor support is around 1.6950.
It is good to buy at dips around 1.7070-75 with SL around 1.6955 for the TP of 1.7159/1.7260 (Short term trade)
Resistance
R1- 1.7080
R2-1.7160
R3- 1.7260
Support
S1-1.6950
S2-1.6875
S3-1.6800
