• EUR/NZD rebounded sharply on Thursday pair found solid support at 1.7482 level.
• A rally towards bigger resistance in the 1.7821 zone is possible should EUR/NZD bulls overcome resistance at 38.2% fib.
• Technicals are favouring bullish sentiment as RSI is at 51 and the pair is trading below 5, 9 & 11-DMAs.
• Immediate resistance is located at 1.7691(38.2% fib), any close above will push the pair towards 1.7821 (23.6% fib)
• Support is seen at 1.77593(50% fib) and break below could take the pair towards 1.7482 (61.8% fib).
Recommendation: Good to buy around 1.7670, with stop loss of 1.7600 and target price of 1.7760
