EURNZD GOOD TO SELL AT 16500 RESISTANCE
EUR/NZD rose higher on last week as global growth and lock down concerns in china weighed on riskier currencies like kiwi dollar.
• G-20 meetings later this week and comments from Fed and ECB chiefs are the main focus along with updates from Ukraine.
• EUR/NZD climbs above 1.6000 and holds near the day's high late US session. The pair hit daily high at 1.6400.
• Technical signals are berarish as RSI is at 61, daily momentum studies
• Immediate resistance is located at 1.6500 ( Daily high at 50. 0%fib)
Recommendation: Good to sell around 1.6500, with stop loss of 1.6800 and target price of 1.5700
• G-20 meetings later this week and comments from Fed and ECB chiefs are the main focus along with updates from Ukraine.
• EUR/NZD climbs above 1.6000 and holds near the day's high late US session. The pair hit daily high at 1.6400.
• Technical signals are berarish as RSI is at 61, daily momentum studies
• Immediate resistance is located at 1.6500 ( Daily high at 50. 0%fib)
Recommendation: Good to sell around 1.6500, with stop loss of 1.6800 and target price of 1.5700
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