EUR/NZD may fall to 1.7260 - 1.7430

Our pivot point stands at 1.8044.

Our preference

The downside prevails as long as 1.8044 is resistance.

Alternative scenario

Above 1.8044, look for 1.8330 and 1.8500.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7908 and 1.7952).

Supports and resistances

1.8500 **

1.8330 *

1.8044 **

1.7932

1.7799 last

1.7430

1.7260 **

1.7091 *

1.6922 **

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