• EUR/NZD held near recent lows on Thursday as ECB and Fed interest rate differentials and reduced optimism on a Ukraine conflict kept earish pressure on the pair
• Interest rate differentials are a key driver of EUR/NZD, and comments from both central banks suggest they are on different paths,
• Technical signals show the pair could lose more ground as RSI is falling at 29, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.5840 (5DMA), any close above will push the pair towards 1.6020 (38.2%fib).
• Immediate support is seen at 1.5765 (23.6%fib) and break below could take the pair towards 1.5653 (Lower BB).
Recommendation: Good to sell round 1.5820, with stop loss of 1.5940 and target price of 1.6700
