• EUR/NZD dipped Monday as improved risk sentiment and stronger China industrial production and retail sales data supported the kiwi dollar..
• Risk sentiment strengthened as markets responded to de-escalation signals from President Donald Trump, along with ongoing geopolitical shifts and upbeat Chinese economic data..
• China’s industrial production increased 6.3% year-on-year in January–February, accelerating from 5.2% and exceeding the 5.1% consensus forecast.
• China’s retail sales rose 2.8% year-on-year in the first two months of 2026, according to the National Bureau of Statistics.
• Immediate resistance is located at 1.9682(SMA 20), any close above will push the pair towards 1.9802(38.2%fib).
• Immediate support is seen at 1.9525(23.6%fib) and break below could take the pair towards 1.9496(Lower BB).
Recommendation: Good to sell around 1.9680 with stop loss of 1.9770 and target price of 1.9600
