• EUR/NZD strengthened on Monday as euro was boosted by hawkish comments from Dutch central bank chief Klaas Knot and European Central Bank President Christine Lagarde .
•The pair reaches 1.6844 after extending north from 1.6655 (Daily low). 1.8262 is the highest level since November 22nd.
• Technical signals show the pair could gain more ground in the short-term as RSI is rising, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6844 (38.2% fib), any close above will push the pair towards 1.7033 (Higher BB).
• Strong support is seen at 1.6735(9DMA) and break below could take the pair towards 1.6634 (50% fib ).
Recommendation: Good to buy around 1.6750 with stop loss of 1.6680 and target price of 1.6820
