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• EUR/NZD rose higher on Monday as increased risk appetite for riskier assets boosted the pair .
•The pair reaches 1.8061 after extending north from 1.8000(Psychological level). 1.8061 is the highest level since 27th Nov 2023.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.8052 (23.6%fib% fib), any close above will push the pair towards 1.8116 (Higher BB).
• Strong support is seen at 1.8000 (Daily low) and break below could take the pair towards 1.7934 (38.2% fib )
Recommendation: Good to buy around 1.8030, with stop loss of 1.7900 and target price of 1.8120
