• EUR/NZD initially dipped on Thursday but rebounded strongly after US claims data softened hawkish Fed policy view.
• Diverging ECB-Fed rate outlook boosted euro .The fundamental focus is on Friday's NFP, Tuesdays CPI data as Fed decides on policy path.
• The current uptrend is ikely to continue as long as the pair does not move below 38.2% fib supppot.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 66 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7386 (Higher BB), any close above will push the pair towards 1.7427 (Oct 24th 2022 high).
• Strong support is seen at 1.7349(23.6% fib) and break below could take the pair towards 1.7210(38.2% fib )
Recommendation: Good to buy around 1.7330 with stop loss of 1.7250 and target price of 1.7440
