• EUR/NZD initially dipped but recovered some ground as bulls manage to hold onto some gains ahead of weekend .
• Investors focus stayed on economic data for hints about interest rate direction and potential policy shifts under Donald trump's presidency.
• Investors have been worried about China's economy and a looming trade war with the U.S. ahead of Trump's presidential inauguration on Jan. 20.
• Immediate resistance is located at 1.7994(50%fib ), any close above will push the pair towards 1.8075(SMA 5).
• Strong support is seen at 1.8285(50%fib) and break below could take the pair towards 1.8178(61.8%fib).
Recommendation: Good to sell on rallies around 1.8320 with stop loss of 1.8400 and target price of 1.7200
