EUR/NZD may fall to 1.7150 - 1.7301

1.7851 is our pivot point.

Our preference

The downside prevails as long as 1.7851 is resistance.

Alternative scenario

The upside breakout of 1.7851, would call for 1.8106 and 1.8257.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7754 and 1.7901).

Supports and resistances

1.8257 **

1.8106 *

1.7851 **

1.7751

1.7616 last

1.7301

1.7150 **

1.6999 *

1.6847 **

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