Today's Support and Resistance Levels:

Support                         Resistance
1: 1.5421                      1: 1.5505
2: 1.5340                      2: 1.5540
3: 1.5245                      3: 1.5592 (should not be broken - overlap between the light green wave i and iv)

Technical Overview:
The light green wave iv is now testing resistance near 1.5505 which ideally will lead to the last decline towards the target area between 1.5228 - 1.5245. As we can be close to the major bottom of the decline, starting from 1.6969 one should be very cautious.
In short term a break below minor support at 1.5421 will be the first indication that the light green wave v is under way, while a break below support at 1.5340 confirms the last decline in wave v towards the target area between 1.5228 - 1.5245.

Trading Recommendations:
You should be short EUR against NZD at 1.5425 or 1.5450 with a 1.5540 stop (a safer stop would be at 1.5595), but as we are in the very late part of the decline, it is better to be careful starting from 1.6969. Take profit should be placed at 1.5325.