EURNZD currency pair recently reversed up from the support area located between the pivotal support level 1.8235 (former monthly low from January), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from November
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star.
Given the multi-month uptrend and the oversold daily Stochastic, EURNZD currency pair can be expected to rise to the next resistance 1.8380.
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