• EUR/NZD initially dipped on Wednesday but rebounded on as less-hawkish Fed hike lifted the pair.
•Federal Reserve raised its key rate by a quarter of a percentage point, as widely expected, and pointed to just one more rate hike this year.
•The pair reaches 1.7480 after extending north from 1.7300 (Daily low). 1.6400 is the highest level since Oct 19th 2022.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.7477(23.6%fib% fib), any close above will push the pair towards 1.7504 (Higher BB).
• Strong support is seen at 1.7281(38.2% fib) and break below could take the pair towards 17248 (14DMA )
Recommendation: Good to buy around 1.7410 , with stop loss of 1.7300 and target price of 1.7500
