EUR/JPY and EUR/NZD pushing higher

 EUR/JPY - Here too we are seeing the effects of the push higher in EUR/USD. As I said in my post earlier today, that we should expect an extension higher towards 101.95 and more likely even 103.46. With 101.95 behind us already we should focus on the next target at 103.46.
We have seen another important message from the Market today, as we have seen a break above the base channel resistance-line, which tell us, that the rally from 94.09 is extending higher. As if that wasn't enough we have also seen a break above the previous wave 4 top at 101.62, which confirms that we saw an important bottom at 94.09 and that we should look for much higher levels.

EUR/NZD - earlier today I very much doubted that the support-line at 1.5578 would protect the downside, but I did and the rally of the 1.5578 low does look impulsive in character and a break above 1.5820 does indicates that wave 3 is well under way already.
I have drawn a new bigger base channel and if/when the resistance-line break we should a powerful acceleration in wave 3 higher towards at least 1.6508, but I find it more likely that we will see and extension higher towards the 1.6835 - 1.6969 area.