• EUR/ NZD slipped lower after the U.S. Federal Reserve left interest rates unchanged as anticipated,.
• The Fed kept rates unchanged, pointing to elevated inflation and solid growth, while offering little clarity on when borrowing costs may be lowered again.
• Governors Christopher Waller, a potential successor to Fed Chair Jerome Powell, and Stephen Miran, currently on leave from his White House advisory role, dissented, favoring a 0.25% rate cut..
• Now the focus will shift to any announcements on who might be Trump's pick for the next Fed Chair ata time when he has berated the central bank for high borrowing costs.
• Immediate resistance is located at 1.9892(38.2% fib), any close above will push the pair towards 2.0100 (50% fib).
• Immediate support is seen at 1.9633(23.6% fib) and break below could take the pair towards 1.9517(Lower BB).
Recommendation: Good to sell around 1.9800 with stop loss of 1.9900 and target price of 1.9720
