• EUR/NZD dipped on Tuesday as improved risk sentiment supported kiwi dollar.
• Actions from the People's Bank of China also helped to underpin kiwi dollar as its correlated with yuan.
• Technical signals are bearish as RSI is falling, daily momentum studies 5 ,9 DMA’s are trending lower.
• Immediate resistance is located at 1.8083 (14DMA ), any close above will push the pair towards 1.8101 (38.2%fib).
• Strong support is seen at 1.7994 (23.6%fib) and break below could take the pair towards 1.7948 (Nov 15th low).
Recommendation: Good to sell around 1.8050 with stop loss of 1.8150 and target price of 1.7950
