• EUR/NZD strengthened on Friday as robust euro zone economic data and hawkish remarks by ECB officials triggered boosted the pair .
• A daily close above (23.6% fib)will further improve the technical outlook, and open the possibility of a rally towards 1.7800 level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 60 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7754 (23.6% fib), any close above will push the pair towards 1.7849 (Higher BB).
• Strong support is seen at 1.7637 (Daily low) and break below could take the pair towards 1.7559(38.2% fib)
Recommendation: Good to buy around 1.7710, with stop loss of 1.7620 and target price of 1.7780
