EURNZD currency pair recently reversed up from the key support level 1.57200 (which stopped the previous intermediate impulse wave (1)), intersecting with the lower daily Bollinger Band . The upward reversal from the support level 1.57200 started the active short-term ABC correction 2. Given the rising euro bullish sentiment that can be seen on the FX markets – EURNZD currency pair can be expected to rise toward the next resistance level 1.61000 (target for the completion of the active ABC correction 2).
