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FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
•EUR/AUD declined on Tuesday as Australian dollar strengthened across the board after RBA retained hawkish bias by revealing they discussed hiking.
• The minutes from the RBA December 5 meeting, revealed that the central bank opted to keep the cash rate unchanged at 4.35%. The decision was based on the assessment that data from the previous month did not significantly alter the economic outlook.
• Australia's central bank debated raising interest rates for a second consecutive month, but ultimately chose to hold off until further data was available.
• Technical signals are bearish as RSI is heading down at 37, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6290 (38.2% fib), any close above will push the pair towards 1.6356(50% fib)
•Strong support is seen at 1.6201(23.6%fib) and break below could take the pair towards 1.6181 (Lower BB).
Recommendation: Good to sell around 1.6250 with stop loss of 1.6360 and target price of 1.6160
