• EUR/NZD rose on Friday as ECB rate rise talk and weaker kiwi dollar boosted the pair.
• Pair traded in 1.6380/1.6493 range and was last trading at 1.6451 into the US afternoon.
• Technical signals are bushish as RSI is at 52, daily momentum studies 5,9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.6485 ( 23.6%fib), any close above will push the pair towards 1.6574 (Higher BB)
• Strong support is seen at 1.6325 (38.2% fib ) and break below could take the pair towards 1.6180 (50%fib).
Recommendation: Good to buy around 1.6450, with stop loss of 1.6350 and target price of 1.6600.
