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• EUR/NZD rose on Friday as the pairs bullish allure persisted across the board focus shifted to the European Central Bank's monetary tightening path.
• EUR/NZD rose towards 1.6700. A break and daily close above 1.7718 will accelerate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7718(Daily high), any close above will push the pair towards 1.7750(23.6% fib).
• Strong support is seen at 1.7613(38.2% fib) and break below could take the pair towards 1.7503(50% fib )
Recommendation: Good to buy around 1.7700, with stop loss of 1.7610 and target price of 1.7780
