We could observe pretty significant jump in EURNZD after retracting from 0.5 fib on daily chart. Note the level from Oct. 2018 which matches with 1.618
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Today we might face some resistance because of 250 and 400 SMA are exactly on the way of the price. If we break them and continue forward the next resistance is Monthly pivot of 1.70500 and yearly pivot 1.71114. Until then the price have clear skies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.