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• EUR/NZD declined on Monday as commodities recover from recent sharp drop buoyed kiwi dollar.
• Gold prices rose 1.9% as investors sought safety amid economic uncertainty. Copper gained 1.4%, driven by stronger demand expectations,
• Meanwhile ,Dalian iron ore rebounded from a two-month low on signs of stabilizing demand from China
• Immediate resistance is located at 1.8011(50%fib), any close above will push the pair towards 1.8032(SMA 14)
• Support is seen at 1.7943 (38.2%fib) and break below could take the pair towards 1.7864(23.6%fib)
Recommendation: Good to sell around 1.8000, with stop loss of 1.8090 and target price of 1.7930
