Best Buying Zones for the EUR/NZD Pair on the Daily

The EUR/NZD pair is moving in a downtrend after bouncing off the daily supply zone near 2.0240.

Currently, the pair is expected to continue its decline towards the next daily demand zone near the 1.9753 level, as shown on the chart.

Expected Targets

If the pair reaches the identified daily demand zone near 1.9753, we expect to see a return to the upward trend towards the targets near 1.9840 and 1.9970, respectively.

However, if a full candle breaks and closes below the identified demand zone, the analysis and the current bullish forecast will be invalidated.

Timeframe The EUR/NZD pair is moving in a downtrend after bouncing off the daily supply zone near 2.0240. Currently, the pair is expected to continue its decline towards the next daily demand zone near the 1.9753 level, as shown on the chart. Expected Targets If the pair reaches the identified daily demand zone near 1.9753, we expect to see a return to the upward trend towards the targets near 1.9840 and 1.9970, respectively. However, if a full candle breaks and closes below the identified demand zone, the analysis and the current bullish forecast will be invalidated.