The EUR/NZD stopped falling back in March and consolidated around the 61.8 Fib level. In recent weeks the EUR/NZD has been moving higher and is no approaching a recent breakdown point and down trend line. A breakout above 1.6300 would be a very bullish event for the pair.

Blake Morrow

Chief Currency Strategist, Wizetrade

Disclaimer: I have been long the pair for several weeks.