FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

EUR/NZD failed to break directly above resistance at 1.6821, as a more complex wave ii/ correction developed. This wave ii/ correction now looks complete, with the test of 1.6707...

EUR/NZD has rallied nicely from the 1.6598 low and is currently testing important resistance at 1.6764. We need a clear break above here, to confirm that wave ii did complete...

We have seen another dip to just below 1.6606 (the low has been seen at 1.6598) and we think it's a matter of time before a bottom is in place...

As long as resistance at 1.6764 is able to cap the upside, as long will the downtrend from 1.7294 stay alive. That said, we see a very limited potential towards...

We are still looking for a clear break above minor resistance at 1.6764 to confirm that wave ii has bottomed and wave iii to above 1.7300 is ready to develop...

Our long-term chart shows that a long-term bottom was found with the test of 1.3860 in April 2015 and more upside towards 1.9844 is expected. The 1.9844 target marks both...

The break below the important support at 1.6670 was unexpected and has forced us to shift our long-term count. This new count still favors a bullish outlook, but sees...

EUR/NZD extended its decline to the 200% extension-target of the wave A/, which is seen at 1.6691. It's possible that we will revisit this low, but we should stay above...

Wave C/ of ii/ is now in its final stages and a low could be found anytime. However, as long as the minor resistance at 1.6938 is able...

EUR/NZD is now in its final stages of the wave c/ of ii/. Ideally, we will see a minor dip closer to support near 1.6806 before the wave...