• EUR/NZD dipped on Tuesday as investors remained cautious amid worsening turmoil in global bond markets.
• Bond markets found some respite on Tuesday after France's contested budget hadtriggered a French debt rout and fuelled fears of broader stress across the euro zone.
• France's 10-year bond yield dipped to 4.7% after surging to its highest since the 2000s last week. Far-right leader Marine Le Pen, the frontrunner in next spring's presidential election, outlined her plans to cut spending if elected in 2027.
• Political uncertainty also deepened after Spain called a snap election on Monday..
• EUR/NZD has seen range 2.0067-2.0008 the pair is likely to be gain towards 2.0100 level.
• Immediate resistance is located at 2.0049 (38.2% fib), any close above will push the pair towards 2.0162 (Higher BB).
• Immediate support is seen at 1.9941 (Lower BB) and break below could take the pair towards 1.9877(50% fib).
Recommendation: Good to buy round 2.0000, with stop loss of 1.9900, and target price of 2.0100
