• EUR/NZD recovered some ground on Wednesday as investors digested U.S. Federal Reserve's interest-rate decision.
• The Fed kept rates unchanged, pointing to still-elevated inflation, with three policymakers dissenting against any perceived easing bias
• The Fed remained cautious on inflation, highlighting persistent uncertainty around Middle East developments as a key risk factor.
• Market attention is now shifting to Thursday’s Bank of England and ECB meetings, with no policy changes expected, though rate hikes are being priced for June.
• Immediate resistance is located at 2.0104 (50%fib), any close above will push the pair towards 2.0233(Higher BB)
• Strong support is seen at 2.0010 (38.2%fib ) and break below could take the pair towards 1.9732(Lower BB ).
Recommendation: Good to sell around 2.0040, with stop loss of 2.0140and target price of 1.9960
