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• 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
