EURNZD ! Pressing to the level for a breakdown

EURNZD is moving in the range between 1.62000 and 1.56400. Lateral movement allows you to maintain clear targets and trade both long and short trades.

After a false breakout of support, the price starts to recover, forming a local uptrend. Ahead is the resistance level 1.60475.
The price begins to form accumulation before the level and forms a price squeeze at the near retest of the level

I assume a breakdown of 1.60475 and an increase in price to resistance 1.621.

Sincerely, R. Linda!