EUR/NZD breaks major trend line resistance, targets 1.7260
EUR/NZD has made a low of 1.6876 (trend line joining 1.6389 and 1.6410) and recovered from that level.
Any further weakness can be seen only below trend line 1.6875 and break below targets 1.6800/1.6745.
The pair’s minor resistance is around 1.7080 and break above targets 1.7161/1.7260/1.7350.
The minor support is around 1.6950.
It is good to buy at dips around 1.7065-70 with SL around 1.6955 for the TP of 1.7159/1.7260 (Short term trade)
Any further weakness can be seen only below trend line 1.6875 and break below targets 1.6800/1.6745.
The pair’s minor resistance is around 1.7080 and break above targets 1.7161/1.7260/1.7350.
The minor support is around 1.6950.
It is good to buy at dips around 1.7065-70 with SL around 1.6955 for the TP of 1.7159/1.7260 (Short term trade)