EUR/NZD may fall 55 - 81 pips

1.8258 is our pivot point.

Our preference

As long as 1.8258 is resistance look for 1.8140.

Alternative scenario

The upside breakout of 1.8258, would call for 1.8301 and 1.8327.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (1.8219) but under its 50 period moving average (1.8226).

Supports and resistances

1.8327 **

1.8301 *

1.8258 **

1.8241

1.8221 last

1.8166

1.8140 **

1.8114 *

1.8088 **

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