EUR/NZD may rise 61 - 89 pips

1.8174 is our pivot point.

Our preference

As long as 1.8174 is support look for 1.8305.

Alternative scenario

Below 1.8174, expect 1.8126 and 1.8098.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.8219) but above its 50 period moving average (1.8182).

Supports and resistances

1.8362 **

1.8334 *

1.8305 **

1.8277

1.8216 last

1.8193

1.8174 **

1.8126 *

1.8098 **

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