- EUR/NZD hits new 6-week highs at 1.7232, bias still higher.
- The pair is testing major trendline resistance at 1.7230, break above could see further upside.
- Price action has shown break above daily cloud which raises scope for further upside.
- Technical analysis shows a bullish bias. Price action rages above major moving averages.
- +DMI has shown a crossover on -ve DMI and we see a bullish MACD line crossover on signal line.
- Momentum studies are bullish. RSI strong at 70, bias higher. Next major bull target lies at 1.7294 (May 15 high).
- On the flipside, 100-DMA is major support at 1.6931, we see weakness on break below.
Support levels - 1.71, 1.7082 (cloud top), 1.7062 (5-DMA), 1.6984 (cloud base)
Resistance levels - 1.7294 (May 15 high), 1.7370 (major trendline)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-NZD-Trade-Idea-1388532) has hit TP1/2/3.
Recommendation: Book partial profits at highs. Trail SL to 1.7050. Watch out for break above 1.7230 for further upside. Target 1.7295/ 1.7370.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 84.0487 (Bullish), while Hourly NZD Spot Index was at -137.93 (Bearish) at 1035 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off 



