The EUR/NZD pair retreated after the recent strong rise
 

due to a larger-than-expected interest rate cut, which pushed the pair

to rise strongly and return to daily supply zones.

Currently, the pair has fallen again, reaching new buying zones

formed as a result of the recent strong rise.

Currently, the pair faces several expected scenarios...

The first scenario is a return to the rise, provided the pair closes

above the current demand zones with a candle with clear buying momentum.

In this case, we may see a rise to targets 2.0180 and 2.0270.

The second scenario is a decline, in the event of a breakout of the demand zones

and a close below them. In this case, the decline is expected to continue

to targets set at the 1.9990 and 1.9910 levels.