EURNZD recently reversed up from the support area lying between the key support level 1.68200 (which has been reversing the price from the start of August), lower daily Bollinger Band, support trend line of the daily up channel and the 61.8% Fibonacci correction of the previous upward impulse from March. Given the strength of the aforementioned support area and the bullish divergence seen on the daily Stochastic indicator – EURNZD is likely to continue to rise toward the next resistance level 1.70000 (which previously reversed the price 3 times from the start of December) .