Thursday, October 15, 2026

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EUR/NZD faces strong support around 1.6180, break below targets 1.6000

Pattern Formed- Head and shoulder Major support: 1.6180 The pair has broken major support 1.6180 and declined till 1.6170. Short term trend is still weak as long as resistance 1.6260 holds. Any break above 1.6260 will ta…

By Lis Howell
1 min read
EUR/NZD faces strong support around 1.6180, break below targets 1.6000
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  • Pattern Formed- Head and shoulder

  • Major support:  1.6180

  • The pair has broken major support 1.6180 and declined till 1.6170. Short term trend is still weak as long as resistance 1.6260 holds.

  • Any break above 1.6260 will take the pair to next target 1.6310/1.6355.

  • On the lower side any break below 1.6180 will drag the pair down till 1.6000/1.5890.

It is good to sell on rallies around 1.6195-1.6200 with SL around 1.6260 for the TP of 1.6000/1.5890

 

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team