• EUR/NZD rose higher on Tuesday on as broad based New Zealand dollar selling drove EUR/NZD higher.
•The pair reaches 1.6951 after extending north from 1.6843(early Asia low). 1.6951 is the highest level since June 4th.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 55 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.6935 (38.2% fib), any close above will push the pair towards 1.6988 (23.6% fib).
• Strong support is seen at 1.6882(50% fib) and break below could take the pair towards 1.6840 (61.8% fib )
Recommendation: Good to buy around 1.6910, with stop loss of 1.6840 and target price of 1.6990
