• EUR/NZD strengthened on Friday as investors dumped New Zealand dollar ahead of RBNZ policy meeting next week.
• New Zealand's central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to raise by slightly more this year as a whole than previously thought.
• EUR/ NZD rally lifts the pair above 1.5756 (38.2%fib). A break and daily close above 50%fib will accelerate further gains.
• Immediate resistance is located at 1.5969 (50%fib), any close above will push the pair towards 1.5991(30DMA).
• Strong support is seen at 1.5756 (38.2%fib) and break below could take the pair towards 1.5617 (Lower BB ).
Recommendation: Good to buy around 1.5880, with stop loss of 1.5700 and target price of 1.6000
