EURNZD Chart Technical Outlook completes a five-wave ending diagonal formation
EUR/NZD broke below the previous week’s low and tested the broken level. Prices have bottomed and bounced higher to retest the broken level. The bullish divergence can support prices to break higher. A break above 1.7530 opens the door towards 1.7560 and then 1.7600. Supports are located at 1.7470 and 1.7425.
