Strongest Selling Zones for EUR/NZD on the Daily Timeframe

The EUR/NZD pair has resumed its downward trend, breaking through previous support levels with a strong bearish wave.

The pair has also established strong selling zones on the daily timeframe, confirming the current dominance of sellers.

Selling Zones and Expected Targets

Currently, we expect to see some corrections for the pair, which may extend to new selling zones near the 1.9799 level. These zones are considered the best selling points for the pair at present.

If the identified selling zones are tested, we expect to see a renewed decline, targeting 1.9700 and 1.9580 respectively.

This analysis and the expected decline will be invalidated if the selling zones are broken and the price closes above them with a daily candle.