EURAUD and EURNZD: EURNZD crosses resistance at 1.8000

EURAUD chart analysis

Today’s EURAUD trading is within the 1.62300-1.62700 range, with a potential breakout to a new daily high on the horizon. We’re currently near the upper line, and a move to this week’s high at the 1.62852 level is not far off. A break above could lead to the formation of a new higher weekly value, with potential higher targets at 1.63000 and 1.63200 levels.

For a bearish option, we need a negative consolidation and a drop to the 1.62300 support level. There, we would again test the support of the EMA 50 moving average. With the impulse below, we move to a new daily low and thus indicate the weakness of the EURAUD. After that, the pair will be under strong bearish momentum and could slide even lower. Potential lower targets are the 1.62200 and 1.62000 levels.

EURNZD chart analysis

EURNZD had a highly successful day yesterday, surpassing the 1.80000 level. During this morning’s Asian trading session, the pair solidified its position and continued its upward trajectory to reach 1.80780 levels. Following a retest at the daily open price, the pair took a bullish turn. With this new momentum, the pair is expected to climb to new weekly highs, potentially reaching 1.81000 and 1.81200 levels.

For a bearish option, EURNZD would have to pull back to 1.80250, the daily open price. By crossing below that level, we would fall to the bearish side. This would strengthen the bearish momentum and influence the price to continue its retreat. Potential lower targets are 1.80000 and 1.79800 levels. EMA 200 moving average is in the zone of 1.79000 levels.

The post EURAUD and EURNZD: EURNZD crosses resistance at 1.8000 appeared first on FinanceBrokerage.