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FxWirePro: EUR/NZD bullish outlook with scope to target 1.6600

• 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.

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