EURNZD Technical Analysis: Weekly Chart

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

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

Its immediate support is 1.6126 & the resistance level is at 1.6530.

EURNZD will trade in 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 buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.6218 & the resistance level is at 1.6390

EURNZD will trade in an 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 1.6328, TAKE PROFIT AT 1.6390 AND STOP LOSS AT 1.6218