A Short-Term Rise Expected for the EUR/NZD Pair

The EUR/NZD pair continued its decline,

 reaching significant demand zones on the 4-hour timeframe. 

The pair has since rebounded from these overlapping demand zones

 on the hourly timeframe, breaking a minor downtrend 

and currently retesting it.

Expected Movement

The pair is expected to rise if the current hourly candle closes near its high.

This upward movement is further supported 

by a positive divergence on the MACD indicator.

If the candle closes near the high, an upward move is expected 

towards the targets at 2.0320 and 2.0380.

If the buying opportunity materializes, the stop-loss should be placed at 2.0200.