The ECB and RBNZ both have monetary policy meetings scheduled for this week, which could result in new opportunities for EUR/NZD traders, as volatility is likely to increase.
The pair is currently testing resistance of a descending triangle, and the tone displayed in both statements could play a key role in determining near-term direction following the aggressive sell-off from the early February highs.
For a deeper insight into how this week’s central bank meetings might impact EUR/NZD, check out this article by one of our senior analysts: