• EUR/NZD gained on Friday as risk-sensitive currencies like New Zealand dollar gave up more ground on growing doubts over a quick recovery from the coronavirus pandemic.
• The pair pierces 1.7571 (38.2% fib) then pulls back slightly, A daily close above 38.2% fib will take pair towards 1.7800 level.
• Technical signals show the pair could gain more ground in the short-term as lower bolling band is turning up, daily momentum studies 5 and 9 DMAs are trending up.
• On the upside, Immediate resistance is located at 1.7571 (38.2% fib), any close above will push the pair towards 1.7705 (21 DMA).
• On the downside, strong support is seen at 1.7410(5 DMA) and break below could take the pair towards 1.7202( 23.6% fib )
Recommendation: Good to buy around 1.7480, with stop loss of 1.7200 and target price of 1.7600


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



