The EURNZD currency pair has shown renewed bullish momentum, with recent price movements indicating an upward trend. Following a rally in the stochastic indicator towards overbought territory, the price has surpassed the 1.7980 mark and is now trading at approximately 1.8095.
Ongoing positive market pressures suggest the potential for the pair to challenge the resistance level at 1.8145. A successful breach of this level could confirm a shift to a new bullish trajectory, with additional gains anticipated towards the 1.8210 and 1.8290 levels.
For today, the expected trading range for EURNZD is between 1.8000 and 1.8145.
Trend Forecast: Bullish
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