EURNZD currency pair continues to rise after the price reversed up from the support zone lying between the key support level 1.61000 (which has been reversing the price from the end of October, as can be seen from the daily EURNZD below) and the lower daily Bollinger band. The upward reversal from this support zone stopped the earlier short-term impulse wave 3 from the start of this month. Given the strength of the aforementioned support zone and the clearly formed bullish divergence on the daily Stochastic indicator, EURNZD currency pair can be expected to rise further toward the next resistance level 1.63450 (which stopped the earlier short-term correction 2).