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FxWirePro:EUR/NZD rallies 3-months high, good to buy on dips

• EUR/NZD rose higher on Thursday as investors increasingly turned bearish on the New Zealand dollar.

• The pair reaches 1.8221 after extending north from 1.8154. 1.8221 is the highest level since June 5th.

• The pair has traded a 199 pip range thus far Thursday, 1.8022 -1.8221.Unless there is major news uptrend looks set to extend.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 72 bullish, daily momentum studies  5, 9  DMAs v trending   up.

• Resistance Levels : 1.8221 (23.6% fib) , 1.8274 (May 15th high), 1.8300 (Psychological level) 
                       
• Support Levels: 1.8098 (5DMA), 1.8022 (Daily low), 1.7971( 38.2%fib)

Recommendation: Good to on dips around 1.8120, with stop loss of 1.7900 and target price of 1.8240

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