EURNZD currency pair recently reversed up from the support area located between the multi-month support level 1.63300 (former multi-month support from the end of February) and the lower daily Bollinger Band. The upward reversal form this support area stopped the earlier impulse waves (iii) and 3. Given the strength of the support level 1.63300 and the rising euro bullishness seen today – EURNZD currency pair can be expected to rise further toward the next resistance level 1.65400 (former double bottom from September).