The EUR/NZD pair is currently in a down trend on trending lower on the larger time frames. The time frame you see below is the W1 time frame. There is very good pip potential below the current support level at 1.5980. It is possible this pair could continue down to the 1.5350 support area. The red and green trend indicators are moving averages provided by Forexearlywarning.com, set up on a Meta trader platform.
Forex Trend Analysis EUR/NZD 3-26-2014