FxWirePro: EUR/NZD positions for another climb, eyes 1.8100 level

• EUR/NZD strengthened on Thursday  as euro benefited on  hopes a new budget could be passed in France after Prime Minister Michel Barnier's government was toppled.

• Investors found reassurance in comments from Marine Le Pen of the far-right National Rally (RN), which voted to oust Barnier. Le Pen stated that she had no intention of seeking the removal of President Emmanuel Macron and expressed confidence that a budget could be passed within weeks.

•EUR/NZD has seen a 1.7915 -1.8021 range on Thursday. Scope is growing for much bigger gains in upcoming sessions

• Technical signals show the pair could gain more ground in the short-term as RSI is at 53 bullish, daily momentum studies  5, 9 and 11 SMAs are trending  up.

• Immediate resistance is located at 1.8024 (23.6%fib), any close above will push the pair towards 1.8052 (Higher BB).

• Strong support is seen at 1.7957(38.2%fib) and break below could take the pair towards 1.7905  (50% fib )

Recommendation: Good to buy around 1.7980 with stop loss of 1.7900  and target price of 1.8100