EUR/NZD has retested important short-term resistance at 1.7484. The first test seems to have been rejected, which may lead to a corrective decline towards 1.7371 and maybe even closer to 1.7339 before a new test of this resistance should be expected again.
A break above short-term important resistance at 1.7484 will finally open up the upside for a rally towards 1.7821 and beyond.
R3: 1.7668
R2: 1.7578
R1: 1.7484
Pivot: 1.7435
S1: 1.7398
S2: 1.7371
S3: 1.7339
Trading recommendation:
We are long EUR from 1.7330 with our stop placed at break-even.
