• EUR/NZD strengthened on Thursday as Bank of England half-point rate hike supported the pair.
• At GMT 19:58, the pair was trading up 0.18 percent at 1.7740 after reaching daily high at 1.7755.
• EUR/NZD remains bullish, only a close back below 1.7582(50%fib), could upset the bullish order.
• Technical signals are bullish as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up
• Immediate resistance is located at 1.7791(23.6%fib ), any close above will push the pair towards 1.7862 (Higher BB).
• Strong support is seen at 1.7682 (38.2%fib) and break below could take the pair towards 1.7656 (5DMA)
Recommendation: Good to buy around 1.7730 with stop loss of 1.7630 and target price of 1.7800
