EUR/NZD is approaching a technical resistance zone! Will the pair extend its downtrend this week? Or will the RBNZ’s policy decision inspire an upside breakout for the Kiwi’s counterpart? While we didn’t see market-moving catalysts yesterday, commodity-related currencies like NZD took steps back against their counterparts ahead of this week’s anticipated data releases. EUR/NZD, despite bank holidays in Europe, edged up from its 1.7700 lows to trade closer to the 1.7800 psychological level. How high can EUR/NZD fly before the bears extend a downtrend that’s been around all month?