• EUR/NZD initially dipped on Tuesday but recovered ground as euro was buoyed by pace of vaccine rollout in Europe.
• EUR/NZD recovered to hit high at 1.6777 after reaching daily low at 1.6695 . EUR/NZD last stood at 1.6755 in US session.
• From a technical viewpoint, RSI is lower at 48, daily momentum studies, 9, 11 and 14 daily moving averages are trending lower.
• Immediate resistance is located at 1.6803 (38.2%fib), any close above will push the pair towards 1.6824 (11DMA).
• Immediate support is seen at 1.6670 (23.6%fib)and break below could take the pair towards 1.6609 (Lower BB).
Recommendation: Good to sell around 1.6770, with stop loss of 1.6850 and target price of 1.6670.
