• EUR/NZD strengthened on Wednesday but gains were limited as investors awaited catalyst from US pricing data.
• The pair is holding near today's high, daily close above 23.6%fib will increase the scope for much bigger gains.
• Technical are bullish as is RSI bullish at 61, momentum studies, 5 10 & 21 daily moving averages signals suggest uptrend remains strong.
• Immediate resistance is located at 1.8144(23.6%fib), any close above will push the pair towards 1.8212 (Higher BB).
• Strong support is seen at 1.8079 (5DMA) and break below could take the pair towards 1.8002 (38.2% fib )
Recommendation: Good to buy around 1.8120, with stop loss of 1.8050 and target price of 1.8200
