EUR/NZD may rise 88 - 122 pips

1.7826 is our pivot point.

Our preference

Rebound towards 1.7997.

Alternative scenario

Below 1.7826, expect 1.7768 and 1.7734.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7893 and 1.7914).

Supports and resistances

1.8066 **

1.8032 *

1.7997 **

1.7963

1.7875 last

1.7849

1.7826 **

1.7768 *

1.7734 **

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