Chart Of The Day: EURNZD

EUR/NZD found support at a long term 88.6% Fibonacci retracement, which the pair has rallied from the last couple sessions. Previous support was at the 1.7150 level in July and a decisive break back above the 1.7200 level may signal a move back towards the 200-day moving average near the 1.7725 level. RSI is trending higher and was pergent the last couple weeks, warning traders of a possible bounce. 

EUR/NZD Daily Chart.

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