• EUR/NZD eased slightly on Wednesday after the Federal Reserve left interest rates unchanged as widely expected.
• The Fed unanimously held rates at 4.25%-4.50%, staying cautious as it monitors inflation, jobs data, and the effects of Trump’s policies.
• The decision to keep the policy rate unchanged was widely expected, coming after three straight rate cuts in 2024 that lowered the Fed’s benchmark rate by a full percentage point.
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains
• Immediate resistance is located at 1.8488(Jan 27th high), any close above will push the pair towards 1.8539(23.6%fib)
• Support is seen at 1.8386(SMA 9) and break below could take the pair towards 1.8340(50%fib)
Recommendation: Good to buy around 1.8400 with stop loss of 1.8300and target price of 1.8500
