EURNZD currency pair recently reversed up from the support area lying between the multi-month support level 1.65600 (which has been reversing the price from the start of March) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous medium-term impulse wave (3) from the middle of September. Given the strength of the aforementioned support area and rising euro optimism – EURNZD currency pair can be expected to rise further toward the next resistance level 1.67600 (top of the previous correction (2)).