Only charts

EURNZD broke bearish trendline as shown below on 23 sep. at the area of 1.5420 , the pair has been also forming an uptrend line which it broke yesterday at 1.5420 as well . The pair is currently testing the former bearish trendline at 1.5230 , if that line holds , we might get back to 1.5540 area soon which if conquered , we will be trading at 1.59 area. However , we might see a war between trend lines in the coming days . I will keep you updated . I am currently long at 1.5270 targeting 1.5540 with stop loss on daily close below 1.5170

Newzeland consumer price index is going to be released within 5 minutes. My call is for a short trade with target at 0.7095 then 0.6980 . Nz CPI is expected to be 0.1% versus 0.3% last quarter. Next resistance lies at 0.7220$ and it concides with the 200 MA