• EUR/NZD strengthened on Tuesday as weaker kiwi dollar lifted the pair, but the gains were capped ahead of Fed and BoE meetings
• Federal Reserve, Bank of England rate meetings are key for pair as it hovers near highs.
• Pair traded in 1.7144/1.7448 range and was last trading at 1.7382 in late the US afternoon.
• Technical signals are bullish as RSI is at 62, daily momentum studies 5,9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.6458( 23.6%fib), any close above will push the pair towards 1.7477(Higher BB)
• Strong support is seen at 1.7322 (38.2%fib ) and break below could take the pair towards 1.7245 (50%fib).
Recommendation: Good to buy around 1.7370, with stop loss of 1.7270 and target price of 1.7450
