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• EUR/NZD steadied on Thursday as investors digested US DGDP data and awaited new catalyst .
•U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than the 2.4% rate expected by economists
• Investors are now focused on March PCE, the Fed's favored inflation gauge, which is due on Friday.
• A close above 23.6%fib resistance , will likely trigger a new bullish phase with potential for 1.8150.
• Immediate resistance is located at 1.8088( 23.6%fib), any close above will push the pair towards 1.8136 (April 19th high)
• Strong support is seen at 1.8005(5SMA ) and break below could take the pair towards 1.7996 (38.2%fib).
Recommendation: Good to buy around 1.8010, with stop loss of 1.7900 and target price of 1.8100
