Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/NZD longs hold the higher ground despite soured risk

• EUR/NZD strengthened on Friday as  kiwi dollar was weighed down by slide in global stock market .

• Pair traded in   1.6732  /1.6914 range and was last trading at 1.6885 .

• Technical signals are bullish as RSI is at 66, daily momentum studies  5,9 and 10 DMAs are trending up.

•  Immediate resistance is located at 1.6907 ( 23,6%fib), any close above will push the pair towards 1.6921(Sep 29th 2021 High)

• Strong  support is seen at 1.6843(38.2%fib ) and break below could take the pair towards 1.6781  (50%fib).

Recommendation: Good to buy  around 1.6860, with stop loss of 1.6800 and target price of 1.6950.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.