EUR/NZD may rise 50 - 73 pips

1.8030 is our pivot point.

Our preference

As long as 1.8030 is support look for 1.8140.

Alternative scenario

The downside breakout of 1.8030 would call for 1.7991 and 1.7968.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.8057 and 1.8027).

Supports and resistances

1.8187 **

1.8163 *

1.8140 **

1.8117

1.8067 last

1.8045

1.8030 **

1.7991 *

1.7968 **

Number of asterisks represents the strength of support and resistance levels.