FxWirePro: EUR/NZD breaks into daily cloud, bias bullish

EUR/NZD chart - Trading View 

• EUR/NZD trades 0.17% higher on the day at 1.6679, intraday bias higher.
   
• Price has broken out of sloping channel pattern and edged into daily cloud.
   
• The pair has edged above 55-EMA and is on track to test 110-EMA at 1.6734.
   
• Technical studies are biased higher. RSI has edged above 50 and Stochs are bullish.
   
• MACD supports gains, Bollinger bands are widening in support of rising volatility.

Support levels - 1.6612 (55-EMA), 1.6540 cloud base), 1.65

Resistance levels -   1.67, 1.6734 (110-EMA), 1.68 (cloud top)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-NZD-Trade-Idea-1521776) is progressing well.

Recommendation: Hold for targets. 

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.