• EUR/NZD rose higher on Monday as global growth and lock down concerns in china weighed on riskier currencies like kiwi dollar.
• G-20 meetings later this week and comments from Fed and ECB chiefs are the main focus along with updates from Ukraine.
• EUR/NZD climbs above 1.6000 and holds near the day's high late US session. The pair hit daily high at 1.6067.
• Technical signals are bullish as RSI is at 51, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.6051 ( Daily high), any close above will push the pair towards 1.6105 (23. 6%fib)
• Support is seen at 1.5991(38.2%fib ) and break below could take the pair towards 1.5933 (9DMA).
Recommendation: Good to buy around 1.6000, with stop loss of 1.5900 and target price of 1.6100
