EUR/NZD may rise 51 - 75 pips

1.8271 is our pivot point.

Our preference

As long as 1.8271 is support look for 1.8381.

Alternative scenario

The downside breakout of 1.8271 would call for 1.8231 and 1.8206.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.8274 and 1.8204).

Supports and resistances

1.8430 **

1.8405 *

1.8381 **

1.8357

1.8306 last

1.8287

1.8271 **

1.8231 *

1.8206 **

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