• EUR/NZD traded in tight range on Wednesday as investors awaited US FOMC Meeting scheduled at 19:00 GMT.
• EUR/NZD traded quietly around 1.6776 in afternoon US session, Despite today's slight pull back buying theme is likely to persist.
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish, daily momentum studies 5 and 9 DMAs are trending up.
• Immediate resistance is located at 1.6808 (50%fib), any close above will push the pair towards 1.6851(30EMA).
• Strong support is seen at 1.6738 (61.8%fib) and break below could take the pair towards 1.6700(Psychological level ).
Recommendation: Good to buy around 1.6770, with stop loss of 1.6650 and target price of 1.6860
