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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.
