EUR/NZD may rise 84 - 121 pips

1.7845 is our pivot point.

Our preference

The upside prevails as long as 1.7845 is support.

Alternative scenario

Below 1.7845, expect 1.7783 and 1.7746.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.7883 and 1.7876).

Supports and resistances

1.8089 **

1.8052 *

1.8016 **

1.7979

1.7895 last

1.7869

1.7845 **

1.7783 *

1.7746 **

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