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• EUR/NZD traded in tight range on Tuesday as investors reacted to the latest political drama unfolding in the US.
• President Donald Trump announced on Monday that he had removed Federal Reserve Governor Lisa Cook from her post, following through on a previous threat to oust her if she refused to resign.
• The action disrupts the traditional Fed–government dynamic, opening the door to a potential legal battle at the nation’s highest court.
• U.S. President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Alaska on Friday to discuss potential steps toward ending the ongoing conflict in Ukraine.
• Immediate resistance is located at 2.0034(23.6%fib), any close above will push the pair towards 2.0120(Higher BB)
• Strong support is seen at 1.9836(SMA 20) and break below could take the pair towards 1.9711(38.2%fib).
Recommendation: Good to buy around 1.9800, with stop loss of 1.9650 and target price of 2.0050
