• EUR/NZD edged higher on Thursday as Brexit woes, upbeat EU budget and virus relief outlook favoured euro.
• EUR/NZD initially dipped but found buyers at 1.7343, rally lifts the pair towards 1.7423.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 51 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7446 (Daily high), any close above will push the pair towards 1.7569 (Higher BB).
• Strong support is seen at 1.7357 (50% fib) and break below could take the pair towards 1.7303 (23.6% fib )
Recommendation: Good to buy around 1.7400, with stop loss of 1.7270 and target price of 1.7520
