Piles of Euro notes_ Image by Mixa74 via Shutterstock_

EURAUD And EURNZD Pairs Are Ready For A Continuation Lower

Gregor Horvat Wavetraders Wed Jun 18, 5:10AM CDT
Piles of Euro notes_ Image by Mixa74 via Shutterstock_

EURAUD and EURNZD currency pairs made a nice and clean three-wave ABC corrective rally, from where we may now see a continuation lower by Elliott wave theory.

EURAUD pair is nicely turning down after a completed projected five-wave impulse into wave (C) of an (A)(B)(C) correction. So bears can be now finally here, and we should be aware of more weakness, especially if slips back below 1.7463 level, just watch out on short-term pullbacks.

EURAUD And EURNZD Pairs Are Ready For A Continuation Lower EURAUD 2H Chart
EURAUD 2H Chart
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EURNZD seems to have now a completed ABC correction at the projected resistance, so be aware of a continuation lower, just keep in mind that bearish confirmation is only below 1.88 area.

EURAUD And EURNZD Pairs Are Ready For A Continuation Lower EURNZD 4H Chart
EURNZD 4H Chart
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For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on June 16 2025:

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