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• EUR/NZD gained on Friday as riskier currencies like New Zealand dollar lost out as US yields rose again.
• The pair is holding near today's high, A close above 1.6657( 30DMA), will likely trigger a new bullish phase with potential for 1.6700
• Technical favours bullish sentiment, RSI is rising & pair trades above 5 and 9-DMAs.
• Immediate resistance is located at 1.6657( 30DMA), any close above will push the pair towards 1.6757(61.8% fib)
• Immediate support is seen at 1.6551(50%fib ) and break below could take the pair towards 1.5510 (11th March low).
Recommendation: Good to buy around 1.6640, with stop loss of 1.6410 and target price of 1.6730
