EUR/NZD broke resistance zone

EUR/NZD broke resistance zone

  • EUR/NZD broke resistance zone
  • Next buy target - 1.7250

EUR/NZD recently broke through the resistance zone lying between the resistance level 1.6960 and the 61.8% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of May. The breakout of this resistance zone accelerated the active intermediate impulse wave (3). EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7250 (top of the previous impulse wave (1)).


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