EUR/NZD broke resistance zone

EUR/NZD broke resistance zone

  • EUR/NZD broke resistance zone
  • Next buy target - 1.6960

 EUR/NZD continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 1.6800 (which stopped the previous wave B and which was set as the buy target in our previous forecast for this pair) and the 38.2% Fibonacci correction of the previous sharp ABC correction (2) from May. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.6960.

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