EURNZD Chart Technical Outlook

EURNZD Chart Technical Outlook trades south, bears eye 1.7625 to fade

EUR/NZD’s recent bias is bearish. Dovish ECB and hawkish RBNZ are pushing the pair to the downside. Prices are correcting the recent sell-off. I expect mild gains toward 1.7625, the 61.8% Fibo level, to be sold then.

The New Zealand Expectations are due tomorrow for more clues on interest rates. I expect rallies to be sold.

Resistances: 1.7625, 1.7650
Supports: 1.7560, 1.7525

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