EUR/NZD may fall 73 - 107 pips

Our pivot point is at 1.8291.

Our preference

The downside prevails as long as 1.8291 is resistance.

Alternative scenario

Above 1.8291, look for 1.8346 and 1.8380.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8265 and 1.8294).

Supports and resistances

1.8380 **

1.8346 *

1.8291 **

1.8269

1.8238 last

1.8165

1.8131 **

1.8098 *

1.8065 **

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