Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5445 in a ultra volume. According to the 30M time frame, I found testing of support cluster on the ultra high volume, which is a sign that selling looks risky at this stage. Notice the spread (range) of the bar, it is wide spread of the bar, which is another sign that buyers may react to climatic action. Upward target is set at the price of 1.5520 and 1.5570.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5615
R2: 1.5650
R3: 1.5700
Support levels:
S1: 1.5500
S2: 1.5465
S3: 1.5410
Trading recommendations for today: Watch for buying opportunities due to a selling climax at the strong support cluster.