• EUR/NZD strengthened further on Friday as weak Chinese economic data and Middle East conflict weighed on risk-sensitive New Zealand dollar.
• A close above 1 38.2% fib resistence will trigger a new bullish phase with potential for 1.7900 level
• Technical signals show the pair could gain more ground in the short-term as RSI is at 63 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7861 (38.2%fib), any close above will push the pair towards 1.7954 (23.6%fib).
• Strong support is seen at 1.7796 (50%fib) and break below could take the pair towards 1.7726 (61.8% fib )
Recommendation: Good to buy around 1.7840, with stop loss of 1.7760 and target price of 1.7900


FxWirePro- Major European Indices
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro- Woodies Pivot(Major)
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD bulls remain cautiously optimistic
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



