• EUR/NZD edged higher but gains were limed as investors digested the outcome of European Central Bank policy meeting.
•The ECB left key interest rates unchanged as expected and gave no insight into its next move.
• Any upside movement is likely to be temporary as barrier at 1.8079 is set to restrict higher move.
• Immediate resistance is located at 1.8079(23.6% fib), any close above will push the pair towards 1.8117 (Higher BB).
• Immediate support is seen at 1.7948 (38.2% fib) and break below could take the pair towards 1.7845 (50% fib).
Recommendation: Good to sell around 1.8030, with stop loss of 1.8100 and target price of 1.7950
