EURNZD |Check Analysis for Bearish Direc

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Euro / Dolar New Zealand (OANDA:EURNZD)

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OANDA:EURNZD Euro / Dolar New Zealand

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technical analyses suggest that the EUR/NZD pair is currently moving in a sideways trading range after retreating from its high levels at 1.7925 in April 2021. The area around the 1.6700 level appears to be a strong support zone for the pair, as many previous highs and lows have been formed at this level. Some technical analysts also point to another support level at 1.6420, which was also tested in the past and from which the pair rebounded. Therefore, breaking through these levels could push the pair further down and confirm the bearish direction of the pair

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