• EUR/NZD eased on Thursday after the European Central Bank kept its interest rates steady as expected.
• The European Central Bank (ECB) left interest rates unchanged at 4%, snapping an unprecedented streak of 10 consecutive hikes, and maintained its guidance .
• The euro erased early gains against the kiwi dollar , the pair was last down at 0.02% at 1.8141.
• From a technical viewpoint, RSI is strongly bullish at 60, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.8256(23.6%fib), any close above will push the pair towards 1.8320 (Sep 5th high
• Immediate support is seen at 1.8109(38.2%fib) and break below could take the pair towards 1.8065(11DMA).
Recommendation: Good to buy around 1.8130, with stop loss of 1.8050 and target price of 1.8200
