- EUR/NZD has made a high of 1.71958 and declined from that level. It is currently trading at 1.7069.
- The pair is facing trend line support around 1.7040 (trend line joining 1.686 and 1.6976) and any break below targets 1.6960/1.6900/1.6860.
- On the higher side major resistance is around 1.7120 and any break above targets 1.7190/1.7230.
It is good to sell on rallies around 1.7060-70 with SL around 1.7125 for TP of 1.6965/1.6900
The material has been provided by InstaForex Company – www.instaforex.com