EUR/NZD may fall 86 - 128 pips

Our pivot point stands at 1.8043.

Our preference

As long as 1.8043 is resistance expect 1.7857.

Alternative scenario

Above 1.8043, look for 1.8113 and 1.8155.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.7984 and 1.7984).

Supports and resistances

1.8155 **

1.8113 *

1.8043 **

1.8016

1.7985 last

1.7899

1.7857 **

1.7815 *

1.7773 **

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