EURNZD Technical Analysis: Weekly Chart

In the daily charts, EURNZD is trading in a down channel. EURNZD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.6052 & the resistance level is at 1.6342.

EURNZD will trade in the down channel until there is trend reversal.

EURNZD Technical Analysis: Daily Chart

In the daily charts, EURNZD is trading in an up channel. EURNZD is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in the Buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.6089 & the resistance level is at 1.6328.

EURNZD is trading in the up channel until there is trend reversal. 

How to Trade EURNZD this Week:

EURNZD will follow the uptrend until their trend reversal. So, remain bullish on EURNZD.

TRADE SUGGESTION- BUY AT 1.6225, TAKE PROFIT AT 1.6328 AND STOP LOSS AT 1.6089