• EUR/NZD declined on Friday as risk sentiment flowed back into the market after dollar gains cooled off after U.S. jobs report .
• U.S. jobs report indicated that economic growth was cooling, which may signal a less hawkish Fed path in early 2023.
• EUR/NZD probing support zone at 38.2%fib,EUR/USD may near 1.6650 level if structural support breaks.
• Technical signals show the pair could lose more ground as RSI is falling, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.6844(5DMA), any close above will push the pair towards 1.6891 (50%fib).
• Immediate support is seen at 1.6757 (38.2%fib) and break below could take the pair towards 1.6663(Dec 20th low).
Recommendation: Good to sell round 1.6760, with stop loss of 1.6870 and target price of 1.6690
