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FxWirePro:EUR/NZD uptrend resumes rise toward key fibo ,good to buy on dips

• EUR/NZD strengthened on Friday as the pair attracted   buying interest  in response to Powell's speech  .

• Federal Reserve Chair Jerome Powell noted the need for further interest rate hikes at the much-awaited Jackson Hole Symposium.

• EUR/ NZD   has picked up  some upside momentum and is approaching 23.6% fib. A close above break above  will opens up 1.8400 level.

• Technical signals show the pair could gain more ground as RSI is bullish at 59, and 9, 11,21 DMA’s are trending north.

• Immediate resistance is located at 1.8339(23.6% fib ), any close above will push the pair towards 1.8286 (38.2% fib).

• Immediate support is seen at 1.8199 (5DMA) and break below could take the pair towards 1.8115 (38.2% fib).

Recommendation: Good to buy round 1.8270, with stop loss of 1.8380 and target price of 1.8380

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