EUR/NZD keeps making headway towards the sub-target at 1.7820. Ideally, this resistance will only make a temporary top for the next swing higher towards the more important resistance at 1.8369.
Support is now seen at 1.7668 and if a break below here is seen, then a corrective decline closer to support at 1.7605 could be seen, but it should be short-lived as the steady uptrend continues higher towards 1.8369.
R3: 1.8016
R2: 1.7919
R1: 1.7820
Pivot: 1.7738
S1: 1.7701
S2: 1.7668
S3: 1.7605
Trading recommendation:
We are long EUR from 1.7330 and we will move our stop higher to 1.7660.
The material has been provided by InstaForex Company - www.instaforex.com