FxWirePro: EUR/NZD steadies above 1.6800, retains bid tone

• EUR/NZD steadied above 1.6800 on Monday as investors  focused on  the European Central Bank's annual forum on central banking in  Portugal  .

• Markets will be keenly watching for any signs of future policy moves. At GMT 16:49, the pair was trading up 0.53 percent   at  1.6801.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 61  bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.6825 (Higher BB), any close above will push the pair towards 1.6906 (23.6%fib).

• Strong support is seen at 1.6738 (5DMA) and break below could take the pair towards 1.6683 (38.2% fib )

Recommendation: Good to buy around 1.6780, with stop loss of 1.6700 and target price of 1.6860