EUR/NZD faces support around 1.7040, break below targets 1.6960

EUR/NZD has made a high of 1.71958 and declined from that level. It is currently trading at 1.7069.

The pair is facing trend line support around 1.7040 (trend line joining 1.686 and 1.6976) and any break below targets 1.6960/1.6900/1.6860.

On the higher side major resistance is around 1.7120 and any break above targets 1.7190/1.7230.

It is good to sell on rallies around 1.7060-70 with SL around 1.7125 for TP of 1.6965/1.6900