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• EUR/NZD traded in quiet range on Friday as market lacked direction in holiday thin trading.
• EUR/NZD has seen a 1.7530 -1.7460 range on Friday. Clear break of 1.7452 opens up 1.7400 level in the short term.
• Technical lean bearish, RSI is lower at 36 , momentum studies, 5, 10 DMAs are trending southwards.
• Immediate resistance is located at 1.7526 ( 38.2%fib), any close above will push the pair towards 1.7556 (5DMA).
• Support is seen at 1.7452 (Daily low) and break below could take the pair towards 1.7403(23.6%fib).
Recommendation: Good to sell around 1.7480, with stop loss of 1.7550 and target price of 1.7400
