EUR/NZD has rallied nicely and is headed towards the first more substantial resistance near 1.7100. Once this resistance is cleared, the way higher to 1.7470 and 1.7777 is open.
Support is now seen at 1.6850, and the important support is seen at 1.6780.
We are long EUR from 1.6790, and we will move our stop higher to 1.6775.
The material has been provided by InstaForex Company – www.instaforex.com