• EUR/NZD dipped on Wednesday but downside was limited as investors awaited the second round of the French vote and national elections in the UK.
• Marine Le Pen's National Rally (RN) will not win a majority of seats in next Sunday's parliamentary run-off election, according to a poll on Wednesday.
• The RN and its allies would get just 190 to 220 seats, according to the poll, while the centre-right Republicans (LR) would win 30 to 50 seats.
• Technical lean bearish, RSI is turning lower, momentum studies, 9, 11 DMAs are flat.
• Immediate resistance is located at 1.7716( 38.2% fib), any close above will push the pair towards 1.7805( 23.6% fib)
• Support is seen at 1.7651(50%fib) and break below could take the pair towards 1.7596 (61.8%fib)
Recommendation: Good to sell around 1.7680, with stop loss of 1.7780 and target price of 1.7600
