• EUR/NZD strengthened on Tuesday as the pairs bullish allure persisted across the board despite tariff uncertainties.
• Trump’s 25% tariffs on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese duties to 20%, escalating trade tensions with top U.S. trading partners..
• EUR/NZD rose above 1.8750 level . A break and daily close above 23.6%fib will accelerate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8813 (23.6%fib), any close above will push the pair towards 1.8900(Psychological level).
• Strong support is seen at 1.8673(Daily low) and break below could take the pair towards 1.8614(38.2% fib )
Recommendation: Good to buy around 1.8750, with stop loss of 1.8650 and target price of 1.8790
