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• EUR/NZD rose on Tuesday as the pairs bullish streak continued as kiwi dollar remains weak against euro.
•On the data front, German investor morale improved more than expected in March on expectations of an ECB interest rates cut.
• Bulls have tightened their grip after registering a close above the 1.7733 (38.2% fib),scope grows for bigger gains towards 1.8000.
• Technical signals show the pair could gain more ground as RSI is at 66 with 5, 10 and 21-day MAs in bullish alignment.
• Immediate resistance is located at 1.7823 (23.6% fib), any close above will push the pair towards 1.7855 (Higher BB ).
• Immediate support is seen at 1.7733 (38.2% fib) and break below could take the pair towards 1.7659 (50% fib).
Recommendation: Good to buy around 1.7940, with stop loss of 1.7870 and target price of 1.8000
