• EUR/NZD declined on Thursday as prospect of extended U.S. monetary stimulus boosted riskier assets such as kiwi dollar.
• At GMT 16:46, the pair was trading 0.27% lower at 1.6961 after hitting daily high at 1.7048.
• Today’s drop has put EUR/NZD back below 38.2%fib and has put the 1.6903 (50%fib)at back in play.
• Immediate resistance is located at 1.7049 (23.6%fib), any close above will push the pair towards 1.7091 (Higher BB).
• Immediate support is seen at 1.6968 (38.2%fib) and break below could take the pair towards 1.6903 (50% fib).
Recommendation: Good to sell round 1.6960, with stop loss of 1.7070 and target price of 1.6880
