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16.09.2025 05:34 AM
Forecast for EUR/NZD on September 16, 2025

EUR/NZD

The EUR/NZD pair abandoned its downward scenario, reversing from support at the MACD line. A consolidation above 1.9778 would coincide with the Marlin oscillator shifting into positive territory, making bullish momentum the primary scenario.

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The main growth target lies at the embedded price channel line, around 2.0300. In this case, the 2.0029 level (the August 20 high) becomes the interim target. On the four-hour chart, the price has broken above both indicator lines, with Marlin firmly in positive territory. The pair is preparing for a breakout above resistance at 1.9778.

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Today, industrial production data for the euro area will be released for July. The forecast is +0.3% after the previous 1.3% decline. If the data exceeds expectations, the euro may strengthen further against the New Zealand dollar.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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