The US dollar is currently in a correction, but is likely to continue the trend down.
EURNZD is in the overbought zone
Information is not investment advice
On H1 of EURNZD, the pair has been moving to the resistance at 1.7405. RSI indicator is in the overbought area on H1 and H4 timeframes. However, the euro got a good boost and the NZD is weak. It may support a continuation of the rise. If the pair is able to break above the resistance, the next long may be anticipated at 1.7416. The target is at 1.7453. However, if the pair rebounds from the resistance, the first support is at 1.7384 and 1.7350.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.