• EUR/NZD initially dipped on Thursday but recovered some ground as buyers emerged near 1.8285 level.
• EUR/NZD traded in quiet range as longs ceded some ground , EUR/NZD 's focus is on 23.6%fib, a break above will accelerate further uptrend.
• From a technical viewpoint, RSI is strongly bullish at 67, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.8404 (23.6%fib), any close above will push the pair towards 1.8441 (Higher BB).
• Immediate support is seen at 1.8300 (5DMA) and break below could take the pair towards 1.8193 (38.2%fib).
Recommendation: Good to buy on dips around 1.8330 , with stop loss of 1.8200 and target price of 1.8430
