Elliott wave analysis of EUR/NZD for October 5, 2017

Wave summary: EUR/NZD is now breaking above minor resistance at 134.10 and a clear break above resistance at 1.6451 too, will add upside acceleration for a continuation to 1.6690 and 1.6875 as the next upside targets. Short-term, minor support at 1.6410 ideally will be able to protect the downside, but only a break below support […]