EURNZD Technical Analysis: Weekly Chart

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

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

Its immediate support is 1.6336 & the resistance level is at 1.7017.

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

EURNZD Technical Analysis: Daily Chart

In the daily charts, EURNZD was trading in a up channel. EURNZD is currently trading above all SMA.

RSI is in the overbought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.6529 & the resistance level is at 1.6834.

EURNZD was trading in the up channel before there is breakout upside. 

How to Trade EURNZD this Week:

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

TRADE SUGGESTION- BUY AT 1.6706, TAKE PROFIT AT 1.6834 AND STOP LOSS AT 1.6529