EUR/NZD may rise 75 - 110 pips

Our pivot point is at 1.7832.

Our preference

Rebound towards 1.7989.

Alternative scenario

Below 1.7832, expect 1.7774 and 1.7739.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.7876) but under its 50 period moving average (1.7902).

Supports and resistances

1.8058 **

1.8023 *

1.7989 **

1.7954

1.7879 last

1.7855

1.7832 **

1.7774 *

1.7739 **

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