Technicals

EUR/NZD faces strong resistance at 1.6460, break above targets 1.6600

Potential Reversal Zone (PRZ) -1.6460 (Trend line resistance joining 1.6945 and 1.69155) Any break above 1.6460 will take the pair to next level to 1.6520/1.6600 level. On the downside minor support is around 1.6370 and …

By Lis HowellOct 29, 2015, 6:37 AM UTC

Updated Oct 29, 2015, 6:39 AM UTC1 min read

EUR/NZD faces strong resistance at 1.6460, break above targets 1.6600 — Image from the original EconoTimes article

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Potential Reversal Zone (PRZ) -1.6460 (Trend line resistance joining 1.6945 and 1.69155)

Any break above 1.6460 will take the pair to next level to 1.6520/1.6600 level.
On the downside minor support is around 1.6370 and break below targets 1.6300/1.6260.

It is good to buy only above 1.6460 with SL around 1.6370 for the TP of 1.6600

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