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EUR NZD Weekly Setup 07-Sept-2021

 

EUR NZD Weekly Setup

 

EUR NZD pair has been ranging for several month from March 2021, in the weekly chart above we can see currently the price is at the bottom of the range, and if We trade according to this weekly chart setup, than there is high probability the price will go Up soon.

Trading Position : BullishTrading

Target: 1.69893

Current week is full with Central Bank monetary decision :

- RBA interest rate on Tuesday, 07 - Sept - 2021

- BoC Interest Rate decision on Wednesday, 08 - Sept - 2021

- ECB Interest Rate on Thursday, 09 - Sept - 2021

Because AUD and NZD are positive correlated currency, the affect after RBA Interest Rate decision not only affecting Australian Dollar but will also affect NZD.