• EUR/NZD retreated after hitting daily high 1.6391 on Monday as investors looked for cues on ECB and U.S. Federal Reserve's interest rate hike trajectory.
• Pair traded in a quiet 1.1677/1.6279 range and was last trading at 1.6244 in late US trading. .
• Technical signals are bullish as RSI is at 61, daily momentum studies 10,11 and 14 DMAs are trending up.
• Immediate resistance is located at 1.7764 ( 23.6%fib), any close above will push the pair towards 1.7785(Higher BB)
• Support is seen at 1.7647 (5DMA ) and break below could take the pair towards 1.7555 (38.2%fib).
Recommendation: Good to sell around 1.7650, with stop loss of 1.7450 and target price of 1.7760
