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FxWirePro:EUR/NZD rebounds following Fed decision,good to buy

• EUR/AUD initially declined but rebounded  on Wednesday  as Powell comments trigger market reversal. 

• U.S. Federal Reserve delivered a three-quarters of a percentage point interest rate hike and Fed Chairman Jerome Powell said it was too soon to speculate over a pause in rate hikes.

• Technical signals are bullish as RSI is trending up  at 56, daily momentum studies  5, 9 and 11 DMAs are trending north. 

• Immediate resistance is located at 1.5504 (21DMA), any close above will push the pair towards 1.5622(23.6% fib).

• Immediate support is seen at 1.5426 (38.2% fib) and break below could take the pair towards 1.5332 (Lower BB).

Recommendation: Good to buy round 1.5470, with stop loss of 1.5270 and target price of 1.5580

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