• EUR/NZD steadied around 1.8440 on Friday but gains were limited as profit-taking kicked in following the recent rally.
• Global markets remained calm after data showed U.S. prices rose moderately in June, indicating an improving inflation environment that could allow the Fed to cut interest rates in Sep .
• Following the data, expectations increased that the Fed might use its meeting next week to signal potential interest rate cuts starting in September.
• Immediate resistance is located at 1.8489 (23.6%fib), any close above will push the pair towards 1.8562(Higher BB).
• Immediate support is seen at 1.8316 (38.2% fib) and break below could take the pair towards 1.8185 (50% fib).
Recommendation: Good to buy on dips around 1.8830, with stop loss of 1.8740 and target price of 1.8900
