• EUR/NZD dipped on Wednesday as uncertainty around the U.S. election outcome weighed on the pair.
• EUR/NZD hit daily low at 1.7433 , before bouncing slightly. Support at 1.7404 (23.6% fib) is now threatened.
• Technical signals favours bearish sentiment, RSI is at 41 and pair trades below 5,9 & 11-DMAs.
• Resistance is located at 1.7574 ( 5 DMA) and at 1.7626 (11DMA).
• Support is found at 1.7433 (Daily low) and at 1.7404 (23.6% fib).
Recommendation: Good to sell around 1.7500, with stop loss of 1.7622 and target price of 1.7400
