• EUR/NZD rose higher on Wednesday as euro benefited as markets saw the fallout from last week's presidential debate and White House COVID-19 infections in political terms .
• EUR/NZD bulls have to contend with strong resistance at 1.7927 (50% fib). If EUR/NZD longs overcome that level, tests of 1.8000 (Psychological levely) is likely.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 59 bullish, daily momentum studies 5, 9 ,11 DMAs are trending up.
•Resistance Levels : 1.7927(50% fib) , 1.7974 (Higher BB), 1.8052 (61.8%fib)
• Support Levels: 1.7779 (38.2%fib), 1.7747 (5DMA), 1.7700 (Psychological level)
Recommendation: Good to on dips around 1.7850, with stop loss of 1.7700 and target price of 1.8050
