EUR/NZD is holding to losses, slipping beneath the short-term moving averages in the daily timeframe.
EUR/NZD buyers are logging a new high, as they push past the peaks of 1.7590 and 1.7614 from August 26 and September 20 respectively.
EUR/NZD is extending gains after the rebound on the 1.6525 support area, heading towards the 200-simple moving average (SMA).
EUR/NZD kept up the downwards move after surpassing the previous swing low of 1.6795.
EUR/NZD has been declining considerably since yesterday, after the bounce off the 23.6% Fibonacci retracement level of the upward rally.
EUR/NZD lost ground this week, dropping to a new three-week low near 1.6950 today.
EUR/NZD is declining below the 20-day simple moving average (SMA) today.
EUR/NZD is hovering above the 50.0% Fibonacci retracement level of the down leg from 1.7925 to 1.6885 around 1.7110.
EUR/NZD recorded a fresh four-month high of 1.6987 earlier today, finding resistance near the 200-day simple moving average (SMA).
EUR/NZD has found strong resistance level around the 1.6725 level, as it failed several times in the past days to have a daily close above it.