The euro continues to gain strength against the New Zealand dollar, with the EURNZD pair sustaining its upward trajectory within a defined bullish channel. On Thursday, the pair extended its climb, reaching the 1.9120 level after bouncing off strong support near 1.8910.
Technical indicators support the positive outlook. In particular, the stochastic oscillator’s approach to the 80 level suggests growing bullish momentum, reinforcing the potential for further gains in the near term.
Analysts expect the pair to target fresh resistance levels at 1.9175 and 1.9240, provided current momentum is sustained.
For the day, the projected trading range lies between support at 1.9060 and resistance at 1.9175.
Trend Outlook: Bullish
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