Based on currency band pricing structure of the medium term exchange rate target zone of the target zone for exchange rate and the management of G-8 currencies, the EURNZD is projected to rally and heading 1.9000 in medium term.
The current bullish rate relative slower by the bullish on NZDUSD for price adjustment and the bullish on EURUSD that estimated to 1.2000. At such, intraday and weekly bullish long trade is preferable.
The bullish will be at faster rate after the NZDUSD price adjustment to be reached and EURUSD at 1.2000. At such, monthly bullish long trade becomes recommendable.
The current bullish rate relative slower by the bullish on NZDUSD for price adjustment and the bullish on EURUSD that estimated to 1.2000. At such, intraday and weekly bullish long trade is preferable.
The bullish will be at faster rate after the NZDUSD price adjustment to be reached and EURUSD at 1.2000. At such, monthly bullish long trade becomes recommendable.