CHART SCALE: Weekly



INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope



SUPPORT LEVELS : 1.60191



RESISTANCE LEVELS: 1.36989



PAIR ANALYSIS :



The EUR/NZD currency pair pattern is within a triangle pattern and it could be possible that it can be dominated by a trendless parallel channel considering the two keys level price at 1.60191 and 1.48707 . The Linear Regression Slope at -0.0002 and the Parabolic Sar can support a possible trendless formation. A bearish crossing at 1.36989 could be an indication of a bears domination. A bullish crossing at 1.60191 can validate a bullish tendency. It can be formulated a forecast level price at 1.51302. The Euro zone jobs data could support the slightly bearish tendency for the pair.



FIGURE 1 shows the triangle pattern







FIGURE 2 indicates the forecasting pattern




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