•EUR/NZD initially dipped on Thursday but recovered some of the ground as buying demand continued near 1.7800 level.
•The pair probed key support zone, and recovered , it was last up 0.11% at 1.7872.
•Technical signals are bullishas RSI is at 56, daily momentum studies 5,9,21 DMA are trending north.
•Immediate resistance is located at 1.7910(Daily high ), any close above will push the pair towards 1.7962 (23.6%fib).
•Strong support is seen at 1.7818(38.2%fib) and break below could take the pair towards 1.7760 (5DMA).
Recommendation: Good to buy around 1.7860 with stop loss of 1.7700 and target price of 1.7930.
