EUR/NZD may rise 82 - 122 pips

1.7995 is our pivot point.

Our preference

As long as 1.7995 is support look for 1.8185.

Alternative scenario

Below 1.7995, expect 1.7928 and 1.7888.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.8053 and 1.7995).

Supports and resistances

1.8266 **

1.8226 *

1.8185 **

1.8145

1.8063 last

1.8022

1.7995 **

1.7928 *

1.7888 **

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