Wave Summary:
EUR/NZD has rallied nicely. Support is now seen at 1.6865, which ideally will protect the downside for the next impulsive rally higher towards at least 1.7389 and likely even closer to 1.7513 in wave iii of (v).
R3: 1.7064
R2: 1.7000
R1: 1.6969
Pivot: 1.6905
S1: 1.6865
S2: 1.6822
S3: 1.6802
Trading recommendation:
We are long EUR from 1.6873 with stop placed at 1.6795
