• EUR/NZD steadied on Thursday as ECB rhetoric on rate hike supported EUR/NZD.
• EUR/NZD initially dipped but found buyers at 1.7313, rally lifts the pair towards 1.7338. A break and daily close above 1.7343(38.2%fib) will accelerate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 58 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up 1.7470.
• Immediate resistance is located at 1.7343(38.2%fib), any close above will push the pair towards 1.7456 (23.6%fib).
• Strong support is seen at 1.7242 (50% fib) and break below could take the pair towards 1.7202(21DMA )
Recommendation: Good to buy around 1.7310, with stop loss of 1.7190 and target price of 1.7400
