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• EUR/NZD steadied above 1.6800 on Monday as investors focused on the European Central Bank's annual forum on central banking in Portugal .
• Markets will be keenly watching for any signs of future policy moves. At GMT 16:49, the pair was trading up 0.53 percent at 1.6801.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6825 (Higher BB), any close above will push the pair towards 1.6906 (23.6%fib).
• Strong support is seen at 1.6738 (5DMA) and break below could take the pair towards 1.6683 (38.2% fib )
Recommendation: Good to buy around 1.6780, with stop loss of 1.6700 and target price of 1.6860
