Note: This section contains information in English only.EUR/NZD continued its track away from one and a half year lows that it had slid down to during December. A channel up pattern is now guiding the motion and we have two scenarios in mind for future movements. Firstly, we would expect the pair to reach towards the bottom boundary of the pattern at 1.5112 and then bounce north, respecting the bounds of the channel. Alternatively, the rate could launch a repeated attack at the upper trend-line of 1.5163, stick to it and then break it to the upside – a reasonable scenario, given the apparent repeated up-wave that has distracted the planned wave south.
Mon, 09 Jan 2017 08:46:56 GMT
Source: Dukascopy Bank SA