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FxWirePro: EUR/NZD Near-Term Outlook

EUR/NZD chart - Trading View 

EUR/NZD Technical Analysis: Bias Bearish
Chart Pattern: Symmetric Triangle


- Price action below cloud and major moving averages
- Stochs and RSI are biased lower
- Guppy's Multiple Moving Average shows major trend is bearish
- Upside was rejected shy of 50-DMA
- Break below triangle base will see dip till 200W SMA at 1.6355
- Violation at 200W SMA will accentuate weakness

Support levels - 1.6415 (triangle base), 1.6355 (200W SMA), 1.6334 (Dec 4 low)
Resistance levels - 1.65, 1.6533 (5-DMA), 1.66 (triangle top)

Recommendation: Stay short on break below triangle base, SL: 1.6535, TP: 1.6355/ 1.6140

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778337778337m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778337778337m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766517766517m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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