EURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest.
If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.83500. However, a break above this zone could signal a potential shift in market sentiment.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.