EURNZD currency pair recently broke through the key resistance level 1.67600 (which has been steadily reversing the pair from the start of October, as can be seen from the daily EURNZD chart below). The breakout of the resistance level 1.67600 accelerated the active medium-term corrective wave (2) from the middle of November. Given the rising bullish euro optimism seen across the FX markets today, EURNZD currency pair can be expected to rise further toward the next resistance level 1.69000 (top of the previous wave 2 from September and the target for the completion of wave (2)).