EURNZD today reversed up from the key support level 1.7685 (which stopped the previous impulse wave (iii)) standing near the lower daily Bollinger Band.
The support level 1.7685 is a long-term pivotal price level which previously reversed the price sharply in October and March.
Given the clear bullish divergence on the daily Stochastic indicator – EURNZD is expected to rise further in the toward the next round resistance level 1.8000.
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