Overview:

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.7003 in a very high volume. In the daily time frame, we can observe a strong bullish bar in a high volume. In the H4 time frame, the price has broken the point of control zone and we may expect further upward movement. The price is well above all key MA`s (50SMA, 100SMA, 150SMA, and 200 SMA). In lower time frames, I found a change in the trend dynamic from downward to upward. Watch for potential buying opportunities at dips. The first take profit zone is set at the price of 1.7260 (previous swing high).

Fibonacci Pivot Points:

Resistance levels:

R1: 1.7000

R2: 1.7085

R3: 1.7225

Support levels:

S1: 1.6720

S2: 1.6630

S3: 1.6496

Trading recommendations: The intraday trend is upward. Watch for potential buying opportunities.