Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:EUR/NZD hovers around 1.7470 as holiday markets help keep the range tight

• EUR/NZD strengthened on Monday as but gains were limited in holiday thinned trade as market seeked fresh factors.

• At GMT 17:25, the pair was trading up 0.21 percent  at 1.7470 after reaching daily high at 1.7511.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 59 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up..

• Immediate resistance is located at 1.7511(23.6%fib), any close above will push the pair towards 1.7555(38.2%fib)

• Immediate support is seen at 1.7416(Daily low ) and break below could take the pair towards 1.7395 (5DMA).

Recommendation: Good to buy  around 1.7460, with stop loss of 1.7350 and target price of 1.7510.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.