EURNZD had an important pivot.

The EURNZD is finding support at the 50% retracement of the February lows to the massive move’s highs this month. The 1.8355 level represents the 50% retracement, and even though we have traded below it, we continue to hold above on a closing basis. Since the RSI has worked off the overbought signals, the risk is that a move above the 1.8600 level we may make a move back to the 1.9000 level once again.