The EUR/NZD pair has completed an ABC pullback toward the support zone and channel boundary, recently bouncing off the psychological level at 1.91000, which has shown to be a significant area of strength.
On higher timeframes, the market continues to post higher highs and higher closes, confirming a bullish long-term trend. While the recent retracement suggests a possible consolidation phase, the price is expected to retest at least 50% of the pullback range, with potential to climb even higher. If it holds above the 1.9000–1.9100 support zone, the probability of a resumed upward move remains strong. The next target is the resistance zone around 1.96700
On higher timeframes, the market continues to post higher highs and higher closes, confirming a bullish long-term trend. While the recent retracement suggests a possible consolidation phase, the price is expected to retest at least 50% of the pullback range, with potential to climb even higher. If it holds above the 1.9000–1.9100 support zone, the probability of a resumed upward move remains strong. The next target is the resistance zone around 1.96700
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.