- EURNZD reversed from support area
- Further gains are likely
EURNZD recently reversed up from the support area lying between the support level 1.7140 (former reinstate from May) and the 38.2% Fibonacci correction of the previous upward impulse from the start of June.
The upward reversal from this support area is aligned with the active medium-term upward trend from the end of March.
EURNZD is expected to rise further and retest the next resistance level 1.7330 (multi-month high from January).