FxWirePro: EUR/NZD downside pressure builds, key support level in focus

• EUR/NZD continued to dipped       as hopes for a cooling of U.S.-Iran tensions  boosted risk appetite.

•White House Press Secretary Karoline Leavitt said talks on a second round with Iran are ongoing and productive, but denied reports that the U.S. requested a ceasefire extension.

•  Oil prices still well above pre-war ​levels and no certainty about a Middle East resolution, ​some strategists have cautioned that new catalysts may ⁠be needed to sustain market momentum.

•Meanwhile, the Reserve Bank of New Zealand held its cash rate steady last week but signaled it is prepared to tighten policy if core inflation rises further amid higher fuel prices driven by Middle East tensions.

• Meanwhile, the Reserve Bank of New Zealand held its cash rate steady last week but signaled it is prepared to tighten policy if core inflation rises further amid higher fuel prices driven by Middle East tensions.

•  Immediate resistance is located at 2.0032( SMA 20), any close above will push the pair towards 2.0157 (April 14th high)

• Strong  support is seen at 1.9782(38.2%fib ) and break below could take the pair towards 1.9740(Lower BB ).

Recommendation: Good  to sell around 1.9960, with stop loss of 2.0000 and target price of 1.9900