• EUR/NZD initially dipped but recovered some ground as rate hike, inflation angst soured risk sentiment.
• EUR/NZD drops below the 5-DMA , slide halts at the 1.4938(38.2%fib),break below will accelerate towards 1.4850 level.
•EUR/NZD remains vulnerable, Bulls need a close above the 1.6662 (50%fib)to remove reversal risk.
• Immediate resistance is located at 1.6533 ( 5DMA), any close above will push the pair towards 1.6662 (50%fib).
• Strong support is seen at 1.6488(38.2%fib) and break below could take the pair towards 1.6365(Lower BB).
,break below will accelerate towards 1.4850 level.){kind=link}