The EUR/NZD currency pair has continued to trade within the medium-term ascending channel pattern. The pair tested a resistance cluster formed by the weekly R1 and the monthly R1 at 1.7672 on October 16.
If the bearish momentum, which dominated the exchange rate during last week's trading session continues, a breakout through the lower boundary of the medium-term ascending channel could occur within the following days.
However, the 200– period simple moving average at 1.7400 could provide support for the currency exchange rate during the following trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.