• EUR/NZD traded in a tight range on Tuesday as investors focused on Wednesday's U.S. Federal Reserve policy decision, which could involve a significant interest rate cut..
• Markets are confident the Fed will cut rates in its Wednesday policy announcement and are leaning towards more aggressive easing in the world's largest economy.
• Technical signals are neutral as RSI flattens at 49, and momentum studies along with the 5, 10, and 21 DMAs show a conflicting, neutral setup.
• Immediate resistance is located at 1.8030(38.2% fib), any close above will push the pair towards 1.8107 (Aug 23th high)
• Support is seen at 1.7909 (50 %fib ) and break below could take the pair towards 1.7776(61.8% fib).
Recommendation: Be on sidelines
