Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/NZD rebounds on positive Russia-Ukraine peace talks, room for further gains

• EUR/NZD strengthened on Tuesday as the euro's was boosted after Ukrainian and Russian negotiators announced progress in their peace talks.

• Russia has promised to scale back its military operations around Kyiv and northern Ukraine .

•While Ukraine has proposed adopting neutral status with international guarantees to protect itself from attacks.

• EUR/NZD  rally lifts the pair above 1.6000. A break and daily close above 1.6021 will accelerate further gains.

• Immediate resistance is located at 1.6021 (38.2% fib), any close above will push the pair towards 1.6627 (50%fib).

• Strong support is seen at 1.5853(5 DMA) and break below could take the pair towards 1.5765(23.6% fib ).


Recommendation: Good to buy around 1.5990, with stop loss of 1.5860 and target price of 1.6100
 

  • Market Data
Close

Welcome to EconoTimes

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