EUR/NZD intraday: the downside prevails as long as 1.7389 is resistance

1.7389 is our pivot point.

Our preference: the downside prevails as long as 1.7389 is resistance.

Alternative scenario: the upside breakout of 1.7389, would call for 1.7446 and 1.7480.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.7350 and 1.7364).

Supports and resistances:

1.7480 **

1.7446 *

1.7389 **

1.7367

1.7343 last

1.7262

1.7228 **

1.7194 *

1.7160 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-03-2023 at 01:14 UTC+1

Price reference: 1.7343 last known on 04-03-2023 at 01:14 UTC+1

Investment horizon: INTRADAY