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FxWirePro: EUR/NZD buoyancy keeps consolidation intact, set for further gains

• EUR/NZD  recovered most of the ground from early fall on Friday as investors digested mixed U.S. jobs data.

• Pair traded in   1.7590/1.7696  range and was last trading at 1.7651 into the US afternoon.

• Technical signals are bushish as RSI is at 51, daily momentum studies  5,9 and 10 DMAs are trending up.

•  Immediate resistance is located at 1.7690 ( 38.2%fib), any close above will push the pair towards 1.7829 (23.6% fib)

• Strong  support is seen at 1.7633 (5DMA ) and break below could take the pair towards 1.7574 (50% fib).

Recommendation: Good to buy  around 1.7650, with stop loss of 1.7540 and target price of 1.7720

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