EURNZD Wave Analysis – 24 April, 2020

• EURNZD reversed from support level 1.7890
• Likely to rise to 1.8270

EURNZD reverently reversed up from the support area lying between the support level 1.7890 (lower boundary of the sideways price range inside which the pair has been trading in the last few trading sessions) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the previous short-term impulse wave (i) of wave C from last week.

EURNZD is expected to rise further toward the next resistance level 1.8270 (upper boundary of this price range).