EUR/NZD has made a low of 1.6340 and recovered from that level. It has broken short term trend line resistance around 1.6400 (trend line joining 1.7189 and 1.6586) and break above confirms short term bullishness, a jump till 1.6520/1.6560 is possible.
- The pair has made a high of 1.6520 yesterday and declined from that level. It is currently trading at 1.6440.
- On the downside minor support is around 1.6400 and break below targets 1.6330/1.6300.
It is good to buy at dips around 1.6390 with SL around 1.6330 for the TP of 1.6520/1.6560
