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• EUR/NZD rose higher on Tuesday as concerns about rising global COVID-19 infections weighed on the kiwi dollar.
•The pair reaches 1.8262 after extending north from 1.6848 (Daily low). 1.7020 is the highest level since 21st July.
• Technical signals show the pair could gain more ground in the short-term as RSI is at54 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.7006 (23.6% fib), any close above will push the pair towards 1.7050 (Higher BB).
• Strong support is seen at 1.6943(38.2% fib) and break below could take the pair towards 1.6890 (50% fib ).
Recommendation: Good to buy around 1.6960, with stop loss of 1.6850 and target price of 1.7050
