• EUR/NZD strengthened on Wednesday on as weaker New Zealand dollar drove EUR/NZD higher towards 1.6630.
• EUR/NZD remains in consolidation mode with a bullish bias. Market may wait for Friday's US job for further strong gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 54 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.6659(38.2% fib), any close above will push the pair towards 1.6756 (Higher BB).
• Strong support is seen at 1.6617(5DMA) and break below could take the pair towards 1.6543(50% fib )
Recommendation: Good to buy around 1.6620, with stop loss of 1.6560 and target price of 1.6670
