EUR/NZD may rise 49 - 71 pips

Our pivot point is at 1.7636.

Our preference

Rebound towards 1.7741.

Alternative scenario

Below 1.7636, expect 1.7598 and 1.7576.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.7678 and 1.7682).

Supports and resistances

1.7786 **

1.7764 *

1.7741 **

1.7719

1.7670 last

1.7651

1.7636 **

1.7598 *

1.7576 **

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