EURNZD: ⬆️ Buy
- EURNZD reversed from support area
- Likely to rise to resistance level 2.0430
EURNZD currency pair recently reversed from the support area between the key support level 2.0000, support trendline of the daily up channel from June and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous short-term ABC correction 2.
Given the predominant daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 2.0430, which stopped the previous minor impulse wave 1 in the middle of October.
