EURNZD REJECTED FROM RESISTANCE

Price rallied into the resistance level at 1.5677 and then got rejected (point 1). Price has now fallen away from this level. If we break below this yellow support level, I feel a drop down to 1.5000 is possible. HOWEVER, we are now trading above the centre line on the Stochastic indicator which is a sign of bullishness.

So, trade small, use low leverage and keep your stops there.