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• EUR/NZD slipped lower on Monday as China stimulus and increased risk sentiment boosted kiwi dollar.
• On the data front, New Zealand's ANZ business confidence rose to 60.9 in September, up from 50.6 in August and far beyond the prediction of 43.0. This is the highest level since April 2014, and most categories have reported increasing activity.
•At GMT 17:52, the pair was trading down 0.57percent at 1.7504, lowest since 26th June 2024.
• Immediate resistance is located at 1.7642 (38.2% fib), any close above will push the pair towards 1.7700( Psychological level).
• Immediate support is seen at 1.7496(23.6%fib) and break below could take the pair towards 1.7428(Lower BB).
Recommendation: Good to sell around 1.7520, with stop loss of 1.7430 and target price of 1.7600
