• EUR/NZD steadied on Monday after a report suggested that the incoming U.S. administration would implement a more relaxed approach to tariff policies than anticipated.
• The pair held onto most of its losses, even after President-elect Donald Trump denied the claims.
• The Trump tariff story surfaced just as the market braced for a week filled with significant economic data, including Friday's non-farm payrolls report.
• The technical outlook remains bullish and points to eventual bigger losses, fourteen-day momentum is positive, reinforcing the scope for a bigger gains
• Immediate resistance is located at 1.8490(23.6%fib), any close above will push the pair towards 1.8546(Dec 31st high)
• Support is seen at 1.8308(38.2%fib) and break below could take the pair towards 1.8145(61.8%fib)
Recommendation: Good to buy around 1.8400, with stop loss of 1.8200 and target price of 1.8520
