• EUR/NZD strengthened on Tuesday as prospect of a German spending package and potential ceasefire in Ukraine supported the euro.
• he U.S. agreed to resume military aid and intelligence sharing with Ukraine after Kyiv accepted a U.S.-proposed 30-day ceasefire with Russia, both nations said in a joint statement..
• EUR/NZD rose above 1.9100 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 71 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9223(23.6%fib), any close above will push the pair towards 1.9300(Psychological level).
• Strong support is seen at 1.8928(38.2% fib) and break below could take the pair towards 1.8692(50% fib )
Recommendation: Good to buy around 1.9080, with stop loss of 1.9000 and target price of 1.9150
