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• EUR/NZD rebounded on Friday as buyers were driven by blockbuster U.S. nonfarm payrolls data.
• U.S. nonfarm payrolls expanded by 272,000 jobs last month, data showed, while revisions showed 15,000 fewer jobs created in March and April combined than previously reported.
• EUR/NZD turned positive pierced the 38.2% fib resistance hit daily high at 1.7699, putting focus on resistance at 1.6301(50% fib).
• Immediate resistance is located at 1.7742(23.6% fib), any close above will push the pair towards 1.7404(May 20th high).
• Immediate support is seen at 1.7660 (38.2% fib) and break below could take the pair towards 1.7586 (50% fib).
Recommendation: Good to buy around 1.7670, with stop loss of 1.7550 , and target price of 1.7800
