• EUR/NZD declined on Friday as stalled vaccine rollouts and lockdowns to curb the spread of contagious new coronavirus weighed on euro.
• EUR/NZD falls to intra-day low, the pair was trading down 0.14 percent at $1.6868 At GMT 19:05
• Technical signals are bearish as RSI is heading down at 44, daily momentum studies 9 and 11 DMAs are trending down.
• On the upside, Immediate resistance is located at 1.6915 ( 38.2%fib), any close above will push the pair towards 1.7007 (50%fib)
• On the downside, support is seen at 1.6814 (23.6%fib ) and break below could take the pair towards 1.6755 (Lower BB).
Recommendation: Good to sell around 1.6900, with stop loss of 1.6980 and target price of 1.6750.
