• EUR/NZD eased towards 1.7655 on Tuesday as investors sought fresh clues about when central banks would begin implementing rate cuts..
• European Central Bank policymaker Boris Vujcic said that there is no urgency for the ECB to rush into cutting rates.
• From a technical viewpoint, RSI is strongly beraish at 45, daily momentum studies, 5, 10 and 11 daily MAs are pointing lower.
• Immediate resistance is located at 1.7696(38.2%fib), any close above will push the pair towards 1.7684(Feb 6th high).
• Immediate support is seen at 1.7608(50%fib) and break below could take the pair towards 1.7526(61.8%fib).
Recommendation: Good to sell around 1.7640 , with stop loss of 1.7700 and target price of 1.7570
