• EUR/NZD advanced on Friday as Kiwi dollar weakened as traders remain concerned about the economic impact of the expanding conflict in the Middle East.
• Markets remained on edge at the end of a volatile week as Donald Trump again extended the deadline for potential strikes on Iran’s energy facilities, while conflicting signals from Washington and Tehran clouded prospects for diplomatic progress.
• The Pentagon is weighing deploying up to 10,000 additional troops, dampening hopes for a near-term end to the war."
• Iran’s Islamic Revolutionary Guard Corps reiterated it will continue efforts to disrupt shipping through the Strait of Hormuz, a critical waterway that handles roughly one fifth of global oil and gas exports, heightening.
• Immediate resistance is located at 2.0110 (50%fib), any close above will push the pair towards 2.0146( Higher BB).
• Immediate support is seen at 1.9959 (Dily low) and break below could take the pair towards 1.9886(50%fib).
Recommendation: Good to buy around 2.0000 with stop loss of 1.9950 and target price of 2.0080
