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• EUR/NZD strengthened on Thursday as ECB meeting hinted at a less dovish conditions for raising rates.
•European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been met or were about to be met, minutes of the ECB meeting showed on Thursday.
• The pair is currently approaching resistance at 5DMA .A break and daily close above will accelerate further gains towards 1.5900 level.
• Immediate resistance is located at 1.5851 (5DMA), any close above will push the pair towards 1.5965 (50%fib).
• Immediate support is seen at 1.5769 (38.2%fib) and break below could take the pair towards 1.5617 (Lower BB )
Recommendation: Good to buy around 1.5770 with stop loss of 1.5500 and target price of 1.5850
