• EUR/NZD dipped on Tuesday as kiwi dollar marched higher against euro as risk mood revived better global growth outlook.
• EUR/NZD fell as low as 1.7153 before buyers returned and underpinned . Support at`10-day MA at is 1.7105 holding but break would warn of correction.
• Technical signals are bullish as RSI is at 65, daily momentum studies 10,11 and 14 DMAs are trending up.
• Immediate resistance is located at 1.7203( 50%fib), any close above will push the pair towards 1.7258( 50%fib).
• Support is seen at 1.7148 (61.8% fib ) and break below could take the pair towards 1.7105(10DMA).
Recommendation: Good to buy around 1.7150, with stop loss of 1.6950 and target price of 1.7230
