Trend Shift on EURNZD: Breakdown Opens Path to 1.9659

Technical Analysis EURNZD

The EURNZD pair has broken below its ascending channel, confirming a bearish shift in market structure. Following the breakdown, price completed a clean retest of the lower channel boundary, which is now acting as resistance.

From a technical standpoint, the pair is expected to continue lower, with the first minor support target at 2.0000. A decisive break beneath this level would open the path toward the final bearish target at 1.9659, aligning with broader downside momentum.