• EUR/NZD declined on Friday as euro attracted sellers ahead of next week's Fed, ECB and BoE meetings.
• The pair reaches 1.6718 after extending south from 1.6786 (Daily high). 1.6718 is the lowest level since 24th January.
• Technical signals show the pair could lose more ground as RSI is falling 47, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.6791(9DMA), any close above will push the pair towards 1.6822(38.2%fib).
• Immediate support is seen at 1.6698 (23.6%fib) and break below could take the pair towards 1.6646(Lower BB).
Recommendation: Good to sell round 1.6750, with stop loss of 1.6830 and target price of 1.6680
