EURNZD
H4 Head and Shoudler
Selling the rallies continues.
Order block support.
Trendline swing high.
Target.
The market is still bearish. The RBNZ is happy to see high inflation and
good employment. Additionally, the RBNZ has the highest crash rate among all major central banks
and they will probably increase rates further. This is all bullish for the NZD. The
EUR/NZD is set to drop below 1.5305 and could possibly retest 1.6130 again.
Below 1.6130 we should see 1.5903 as the main target
H4 Head and Shoudler
Selling the rallies continues.
Order block support.
Trendline swing high.
Target.
The market is still bearish. The RBNZ is happy to see high inflation and
good employment. Additionally, the RBNZ has the highest crash rate among all major central banks
and they will probably increase rates further. This is all bullish for the NZD. The
EUR/NZD is set to drop below 1.5305 and could possibly retest 1.6130 again.
Below 1.6130 we should see 1.5903 as the main target