EURNZD Wave Analysis – 14 April, 2020

• EURNZD reversed from support area
• Likely to rise to 1.8240

EURNZD recently reversed up from the support area lying between the key support level 1.7880 (which also reversed the pair at the start of March), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous upward impulse 1 from the end of 2019.

The upward reversal from this support area stopped the earlier short-term impulse wave (c).

EURNZD is likely to rise further toward the next resistance level 1.8240 (former strong support from March).