• EUR/NZD strengthened on Friday as the pair attracted buying interest in response to Powell's speech .
• Federal Reserve Chair Jerome Powell noted the need for further interest rate hikes at the much-awaited Jackson Hole Symposium.
• EUR/ NZD has picked up some upside momentum and is approaching 23.6% fib. A close above break above will opens up 1.8400 level.
• Technical signals show the pair could gain more ground as RSI is bullish at 59, and 9, 11,21 DMA’s are trending north.
• Immediate resistance is located at 1.8339(23.6% fib ), any close above will push the pair towards 1.8286 (38.2% fib).
• Immediate support is seen at 1.8199 (5DMA) and break below could take the pair towards 1.8115 (38.2% fib).
Recommendation: Good to buy round 1.8270, with stop loss of 1.8380 and target price of 1.8380
