EURNZD Wave Analysis – 23 June, 2022

• EURNZD reversed from strong resistance level 1.6835
• Likely to fall to support level 1.6600

EURNZD currency pair recently reversed down from the strong resistance level 1.6835 (which has been repeatedly reversing the price from the start of May).

The downward reversal from the resistance level 1.6835 stopped the previous impulse waves (iii) and C.

Given the widespread euro losses, EURNZD can be expected to fall further toward the next support level 1.6600.