A few days ago I said that I expect EurAud to break above resistance and reach 1.62.
Yesterday the pair confirmed 1.57 as a strong support zone and reversed losses to reach 1.5850 resistance again.
Since the beginning of November, the structure is bullish for this pair, with a sequence of higher lows in place.
Once/If 1.5850 will fall, EurAud should accelerate gains and, as I said, 1.62 is my target.
EurNzd:
The situation here is pretty similar, with a bottom in November and the pair trading just under resistance.
The structure here is also constructive and we can expect a break of this resistance.
1.75 can be bulls target
Yesterday the pair confirmed 1.57 as a strong support zone and reversed losses to reach 1.5850 resistance again.
Since the beginning of November, the structure is bullish for this pair, with a sequence of higher lows in place.
Once/If 1.5850 will fall, EurAud should accelerate gains and, as I said, 1.62 is my target.
EurNzd:
The situation here is pretty similar, with a bottom in November and the pair trading just under resistance.
The structure here is also constructive and we can expect a break of this resistance.
1.75 can be bulls target
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