• EUR/NZD initially gained on Thursday but gave up ground as the market digested Fed's and BoE’s rate decision .
• The Bank of England kept its main interest rate at 4.75% on Thursday, but policymakers showed growing division over the need for rate cuts to address a slowing economy.
• The BoE contrasted with the Fed, which on Wednesday cut rates but said it envisaged just two reductions next year instead of the previous four.
• Technical signals are bullish as RSI is at 69 ,moving averages are trending higher.
• Immediate resistance is located at 1.8484( 23.6%fib), any close above will push the pair towards 1.8558 (Higher BB).
• Support is seen at 1.8312 (38.2%fib) and break below could take the pair towards 1.8186 (50%fib).
Recommendation: Good to buy around 1.8380 , with stop loss of 1.8200 and target price of 1.8480
