• EUR/NZD declined on Thursday as kiwi dollar was buoyed by equities gain ,softer yields, higher commodities prices .
• Meanwhile ,Germany's fragile ruling coalition fell apart Wednesday which could lead to a confidence vote in January and elections in March.
• Technical signals are bearish as RSI is at 39, daily momentum studies 5, 11 and 21 DMAs are trending down.
• Immediate resistance is located at 1.7957(38.2%fib ), any close above will push the pair towards 1.8042 (50%fib).
• Strong support is seen at 1.7909(Daily low) and break below could take the pair towards 1.7854(23.6%fib).
Recommendation: Good to sell on rallies around 1.7950 with stop loss of 1.8050 and target price of 1.7880
