EURNZD close to important resistance

EURNZD has been moving up for a long time. As a result of this appreciation, price reached 1.6200 resistance level, where today there was a strong bearish reaction. Permanent rejection of this zone could open the way to declines, for which potential target would be even around the upward trend line. Both in short and in a slightly longer time horizon, it is worthwhile to consider short position on EURNZD.