- December 4, 2017
- Posted by: range
- Category: FOREX, Technical Analysis
The pair remains strong in a bullish bias held since November 28th session and according to our projections, EUR/NZD is expected to find buyers at the current stage. That’s a likely scenario, taking in consideration that our Fibonacci levels coincides with the 1.7274 and 1.7214. If the pair manages to rebound around that area, the next target should be the -23.6% at 1.7569.
RSI indicator is moving into the waters of oversold territory.