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• EUR/NZD steadied on Friday after US jobs report showed a slowing but still tight U.S. labor market..
• Nonfarm payrolls increased by 187,000 jobs last month, the Labor Department said in its closely watched employment report on Friday.
• EUR/NZD is trading above the 5-DMA and for now the recent uptrend trend is intact.
• From a technical viewpoint, RSI is strongly bullish at 61, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.8070(23.6%fib), any close above will push the pair towards 1.8133 (Higher BB).
• Immediate support is seen at 1.7931 (5DMA) and break below could take the pair towards 1.7900 (38.2%fib).
Recommendation: Good to buy on dips around 1.8050, with stop loss of 1.7900 and target price of 1.8150
