EURNZD M5 Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURNZD M5 chart. Its lower boundary passes through 1.9714/1.9733, while its upper boundary passes through 1.9747/1.9733. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURNZD is expected to break the upper boundary and move toward 1.9748.