EUR/NZD may rise 45 - 67 pips

Our pivot point is at 1.7474.

Our preference

The upside prevails as long as 1.7474 is support.

Alternative scenario

Below 1.7474, expect 1.7438 and 1.7416.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7490 and 1.7479).

Supports and resistances

1.7622 **

1.7601 *

1.7579 **

1.7557

1.7512 last

1.7488

1.7474 **

1.7438 *

1.7416 **

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