ThinkMarkets - Analytics

    ThinkMarkets

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    EURNZD suggests further downside

    Whilst the downside move has paused and risks a bounce from the 1.544 lows, we suspect the cross is still within a bearish move having confirmed a bearish triangle on the weekly charts. 

     









     
    Resistance 3:   1.6218 Gap high, monthly R1
    Resistance 2:   1.6100 24/06 high, monthly pivot, 20 eMA
    Resistance 1:   1.6106 Gap low,, pivotal S/R
    EURNZD:   1.5480  
    Support 1:   1.5448 Brexit low
    Support 2:   1.5170 Monthly S1
    Support 3:   1.5000 Round Number

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