EUR/NZD may fall 84 - 124 pips

1.8009 is our pivot point.

Our preference

The downside prevails as long as 1.8009 is resistance.

Alternative scenario

Above 1.8009, look for 1.8077 and 1.8117.

Comment

The RSI is below its neutrality area at 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 1.7970 and 1.7993).

Supports and resistances

1.8117 **

1.8077 *

1.8009 **

1.7983

1.7951 last

1.7867

1.7827 **

1.7787 *

1.7747 **

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