• EUR/NZD strengthened on Tuesday as investors geared up for the upcoming US election and the FOMC meeting later in the week.
.• In the U.S. presidential race, Democratic candidate Kamala Harris and Republican candidate Donald Trump remain virtually tied in opinion polls ahead of Tuesday's vote.
•The week will also provide investors with global monetary policy catalysts. The most closely watched of a slew of rate decisions is the Fed.
• Technical signals are bullish as RSI is at 58, daily momentum studies 5,9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.8241( 23.6%fib), any close above will push the pair towards 1.8240(23.6%fib)
• Strong support is seen at 1.8108 (38.2%fib ) and break below could take the pair towards 1.8071(11SMA).
Recommendation: Good to buy around 1.8200, with stop loss of 1.8110 and target price of 1.8280
