EURNZD Technical Analysis: Weekly Chart
In the weekly charts, EURNZD is trading in a down channel.
It is trading below all SMA.
The immediate support is 1.5906 & the resistance level is at 1.6319.
EURNZD is trading in the down channel until there is trend reversal.
EURNZD Technical Analysis: Daily Chart
In the daily charts, EURNZD was trading in a down channel.
It is trading above 20 days SMA & below 50 and 100 days SMA.
The immediate support is 1.5957 & the resistance level is 1.6106.
EURNZD was trading in the down channel before the breakout upside.
How to Trade EURNZD this Week:
EURNZD will follow the downtrend until their trend reversal. So, remain bearish on EURNZD.