OANDA:EURNZD   Euro / Dollar New Zealand
EURNZD

This trade has broken away from its correlations to GBPAUD and EURAUD preforming as one of the best pairs in the last 24 hours.

This was to to an inefficient price rise that seen EURNZD rise above its efficient range. For the next moves in this pair and its correlations we look to sell those corresponding trades.

For the EURNZD we are looking to take a sell trade back to the bullish area of the top of the efficient range. Price action at this level will give us further information on price reversing bullish or remaining bearish.

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