EUR/NZD keeps pushing lower. While still overextended towards the downside, we must accept that as long as minor resistance at 1.6912 is able to cap the upside, more downside pressure towards the next support at 1.6784 .
Only a break above the minor resistance at 1.6912 will ease the downside pressure, while a break above resistance at 1.7074 will confirm that wave a/ or i/ has completed and a rally towards at least 1.7236 should be seen.
R3: 1.7074
R2: 1..6997
R1: 1.6912
Pivot: 1.6858
S1: 1.6807
S2: 1.6784
S3: 1.6733
Trading recommendation:
We will buy EUR upon a break above 1.6912.
