EUR/NZD may rise 45 - 68 pips

Our pivot point stands at 1.7644.

Our preference

As long as 1.7644 is support look for 1.7760.

Alternative scenario

The downside breakout of 1.7644 would call for 1.7606 and 1.7584.

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 1.7680 and 1.7673).

Supports and resistances

1.7804 **

1.7782 *

1.7760 **

1.7737

1.7692 last

1.7659

1.7644 **

1.7606 *

1.7584 **

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