• EUR/NZD dipped on Friday as upbeat risk sentiment and global markets surge boosted kiwi dollar.
• Upbeat risk sentiment swept across global markets following the release of stronger-than-expected U.S. retail sales data.
• Focus now turns to the keenly-awaited speech by Federal Reserve Chair Jerome Powell at Jackson Hole next week.
• Immediate resistance is located at 1.8363( 38.2% fib), any close above will push the pair towards 1.8469( Higher BB)
• Support is seen at 1.8199(50%fib) and break below could take the pair towards 1.8086 (Lower BB).
Recommendation: Good to sell around 1.8210, with stop loss of 1.8300 and target price of 1.8120
