EURNZD had 11 weekly mode intersections with the mode at 1.54881 while forming a triangle in a well established bearish trend.
A continuation of this bearish triangle break should land the pair around 1.456 in about 11-12 weeks. This is a longer term position to take with a smaller lot size which could have the benefit of the carry trade with New Zealand's interest rate relative to the EU's.
A continuation of this bearish triangle break should land the pair around 1.456 in about 11-12 weeks. This is a longer term position to take with a smaller lot size which could have the benefit of the carry trade with New Zealand's interest rate relative to the EU's.
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