EURNZD Wave Analysis 25 January, 2021

• EURNZD approaching key support level 1.6810

• Likely to rise to resistance level 1.6960

EURNZD is currently approaching the key support level 1.68100 (which stopped the previous wave B at the start of January as can be seen below).

The pair is currently moving inside the minor impulse wave (i) – which started earlier from the aforementioned support level 1.68100.

EURNZD is expected to reach the support level 1.6810 and then reverse up toward the next resistance level 1.6960.