Technical analysis

EURNZD Wave Analysis – 3 June, 2021

• EURNZD rising inside minor impulse wave 3

• Likely to rise to resistance level 1.7030

EURNZD currency pair continues to rise inside the minor impulse wave 3, which started earlier from the support level 1.6670, which has been reversing the pair from the start of April – strengthened by the lower daily Bollinger Band.

The active impulse wave 3 bellows to the intermediate impulse sequence (C) from the start of May.

EURNZD currency pair can then be expected to rise further toward the next resistance level 1.7030 (which has been reversing the pair from January).

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