• EUR /NZD initially dipped on Friday but recovered some ground investors squared position ahead weekend .
• EUR /NZD was last trading at 1.7696. The pair staged recovery after meeting support at this level 1.7622 (61.8% fib).
• On the data front, Eurozone’s gross domestic product (GDP) growth was flat in the fourth quarter of 2023, according to Eurostat, the EU's statistical office, on Friday.
• Immediate resistance is located at 1.7752 (38.2% fib), any close above will push the pair towards 1.7833 (23.6% fib).
• Immediate support is seen at 1.7689 (50% fib) and break below could take the pair towards 1.7622 (61.8% fib).
Recommendation: Be on sidelines
