EUR/NZD is currently consolidating between 1.5400 and 1.5500, although the trend remains bullish as 23.6% Fibs (1.5525) resistance has been broken.
As for now, EUR/NZD is trading near the 50% Fibs (1.5400) which is also a psychological support level. This price should once again attract buyer's interest which will push the pair higher.
Consider buying EUR/NZD while it is near 1.5400, targeting either 23.6% (1.5525) or 0% Fibs (1.5637). Suggested stop loss is below the 200 moving average at 1.5350.
Support: 1.5344, 1.5400
Resistance: 1.5455, 1.5525, 1.5637
