FxWirePro: EUR/NZD positions for another climb, eyes 2.0400 level

• EUR/NZD  turned positive on Tuesday as investors focused on France where the prime minister signaled a pause on a major pension reform.

• French Prime Minister Sébastien Lecornu proposed delaying a landmark pension reform until after the 2027 presidential election, yielding to pressure from leftist lawmakers to bolster his precarious political position.

• Lecornu is expected to face a no-confidence vote on Thursday. It remains unclear whether he has enough support to survive, as the Socialists—whose backing he will likely need—are keeping their options open.

• France faces deep political turmoil as minority governments struggle to pass deficit-cutting Budgets Through a Divided Parliament.

• Immediate resistance is located at 2.0336 (23.6%fib), any close above will push the pair towards 2.0399433 (Higher BB).

• Immediate support is seen at 2.0154 (SMA 20) and break below could take the pair towards 2.0022 (38.2%fib).

Recommendation: Good to buy on dips around 2.0300 with stop loss of 2.0100  and target price of 2.0400