- EUR/NZD has taken support near trend line (trend line joining 1.4953 and 1.4990) and recovers from that level. Overall trend is bullish as long as 1.5090 holds.
- The minor resistance is around 1.52100 and any break above will extend gains till 1.5370/1.5450.
- On the downside minor support is around 1.5090 and break below will drag the pair further down till 1.5000/1.4951.
It is good to buy at dips around 1.5200-05 with stop around 1.5090 for the target of 1.5370/1.5450.
The material has been provided by InstaForex Company – www.instaforex.com