• EUR/NZD has surged sharply as the pair was which propelled the pair higher by upbeat U.S. jobs report .
•The U.S. Bureau of Labor Statistics said 254,000 workers were added to nonfarm payrolls last month, above the 140,000 economists had estimated.
•Odds of another supersized rate cut by the Fed in 2024 were erased after the data and markets now foresee two 25 basis point reductions by year end.
• Technical signals show the pair could gain more ground in the short-term as RSI has sharply turned up, daily momentum studies 5, 9,11 are trending north.
• Immediate resistance is located at 1.7888 (23.6%fib), any close above will push the pair towards 1.7942(Sep 20th high).
• Immediate support is seen at 1.7810 (38.2% fib) and break below could take the pair towards 1.7738(50% fib).
Recommendation: Good buy around 1.7800, with stop loss of 1.7700, and target price of 1.7880
