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• EUR/NZD dipped on Monday as higher commodity prices and improved risk sentiment supported kiwi dollar.
• Gold jumped 2.4% to an all-time peak, powered by safe-haven flows as U.S.-Venezuela tensions flared, while silver also touched a record high..
• Crude oil prices rose on concerns over potential supply disruptions amid escalating U.S.-Venezuela tensions.
• Trading volumes were light and were likely to thin out further as the holiday approaches. .
• This week, attention turns to the U.S. GDP reading, one of the last key economic indicators of the year.
• Immediate resistance is located at 2.0422(Dec22nd high), any close above will push the pair towards 2.0432(Higher BB).
• Immediate support is seen at 2.0290 (38.2% fib) and break below could take the pair towards 2.0253(SMA 20).
Recommendation: Good to buy around 2.0270 with stop loss of 2.0200 and target price of 2.0380
