EUR/NZD Eyes Further Gains After 600-Pip Rally

35
EUR/NZD became bullish after dropping to the 1.8850 area. Since then, the price has moved up by about 600 pips. Right now, it is at an important resistance level. If the price breaks above this resistance and holds, it could continue to rise toward the next target around 1.9650. This breakout could be a sign that buyers are still strong and aiming for higher levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.