• EUR/NZD is holding above strong trendline support at 1.6285, we see weakness only on break below.
   
• The pair is seeing a solid bounce today after 4 consecutive day's of losses, but upside finds strong resistance around 1.6510 - 1.6525 levels.
   
• Break above will take the pair to 200-DMA resistance at 1.6707, further upside only on breaks above.
   
• On the downside, the pair finds strong support at 1.6285, breaks below will see weakness upto 1.6120 and then 1.5870 levels.
   
• Kiwi weak on the day after RBNZ confirmed the allegations of leak of March 10th interest rate decision ahead of the official release.
   
• Due later in the European session is the release of Eurozone inflation data which could impact further direction in the pair.