• EUR/ NZD strengthened on Friday as the pair attracted buyers after stronger-than-expected US jobs report.
• Data showed U.S. employers hired more workers than expected in September, while the unemployment rate dropped to 3.5%.
• The pair currently is approaching resistance at 23.6%fib. A break above would unmask 1.7550 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 63,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.7447(23.6%fib), any close above will push the pair towards 1.7528(Higher BB).
• Immediate support is seen at 1.7238 (38.2%fib) and break below could take the pair towards 1.7103 (14DMA).
Recommendation: Good to buy around 1.7300, with stop loss of 1.7170 and target price of 1.7400
