• EUR/NZD recovered its around on Thursday as kiwi dollar weakened following lower commodities prices .
• WTI fell 1.64% as global supply appeared largely unaffected by concerns of a wider Middle East crisis following the killing of a Hamas leader in Iran this week.
• Copper dropped 2.66% due to worse-than-expected factory data in China, the top metals consumer, and rising inventories indicating excess supply.
• Gold eased 0.44%, retreating from a two-week high reached earlier in the session as the market prepared for the U.S. non-farm payrolls report.
• Immediate resistance is located at 1.8270 (38.2%fib), any close above will push the pair towards 1.8378 (July 31st high).
• Immediate support is seen at 1.8121 (50%fib) and break below could take the pair towards 1.7978(61.8%fib).
Recommendation: Good to buy around 1.8150, with stop loss of 1.8050 and target price of 1.8230
