EUR/NZD: Strong Bullish Signal Intact: Levels & Targets – NAB

NAB FX Technical Strategy Research maintains its bullish stance on EUR/NZD after the pair completed a most bullish set up at the end of March upon the month end close above 1.5151.

Such a bullish signal, according to NAB, was accompanied by significant bullish triggers in MT/LT momentum indicators.

A multi-month uptrend is now a high probability outcome, targeting 1.63+ with potential to achieve 1.70+. A ST correction towards 1.55/1.56 is seen as a buying opportunity,” NAB projects. 

EUR/NZD is trading circa 1.5850 as of writing. 

Source: NAB Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
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