EURNZD Technical Chart – Forex



Although EURNZD currency pair is moving up from last so many days but 2 things on its daily chart are not supporting this move.

Here is the daily technical chart of EURNZD. I've put Ichimoku, Donchian Channel (Dotted blue line) and Aroon indicators. Dark blue line is Kijun-Sen of Ichimoku.

 

EURNZD daily technical chart - ichimoku

 

As indicated by Aroon indicator, the price will come to its first support level viz. Donchian line @1.830 in coming days. If Kijun-sen line of Ichimoku indicator stays flat even then, as it's now, it will come to level of Kijun-Sen @1.8025.

Flat lines always attract price.  That's the basic rule of using Ichimoku.

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