• EUR/NZD advanced on Friday as escalating tensions between Israel and Iran prompted investors to move away from risk-sensitive currencies like the New Zealand dollar.
• On Friday, Israel launched strikes on Iran, targeting nuclear facilities and missile factories in an effort to block Tehran’s alleged nuclear weapons ambitions
• Israel warned that the strikes marked the beginning of a prolonged campaign to stop Iran from developing a nuclear weapon, while Tehran vowed a harsh retaliation
•EUR/NZD has seen a 1.9087 -1.9245 range on Friday . Scope is growing for much bigger gains towards key resistance
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 9, 11 and 21 DMAs are trending up.
• Immediate resistance is located at 1.9270 (50%fib), any close above will push the pair towards 1.9365(April 15th high).
• Strong support is seen at 1.9032 (61.8%fib) and break below could take the pair towards 1.8991 (Lower BB )
Recommendation: Good to buy around 1.9180 with stop loss of 1.9100 and target price of 1.9300
