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Euro / New Zealand Dollar
Short

EURNZD Testing Ascending Support Line, Potential Break Out!

By ICmarkets
Broker
EURNZD is testing its ascending support line. If it breaks out of its ascending line and its 1st support at 1.7029 (61.8% Fibonacci extension), then it could confirm a further move down to its 2nd support at 1.6943 (100% Fibonacci extension, 50% Fibonacci retracement).
Ichimoku cloud shows signs of downward pressure as well.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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