FxWirePro: EUR/NZD capped by 5DMA,good to sell on rally

• EUR/NZD initially declined  but recovered some ground after the U.S. Federal Reserve held interest rates unchanged but struck a hawkish stance for future policy.

• A close below   50%  fib  support  will give further momentum to bears, opening the way for a run towards 1.7850 level.

• Technical signals are bearish as RSI is lower at 43  , daily momentum studies  5, 9 and 10 DMAs are trending down.

•   Immediate resistance is located at 1.7979(38.2%  fib), any close above will push the pair towards 1.8014(5DMA).

•  Strong support is seen at 1.7892 (50%  fib) and break below could take the pair towards 1.7805 (61.8%  fib).

  Recommendation: Good to sell around 1.8000, with stop loss of 1.8190 and target price of 1.7900