EUR/NZD intraday: the downside prevails as long as 1.7368 is resistance

Our pivot point is at 1.7368.

Our preference: the downside prevails as long as 1.7368 is resistance.

Alternative scenario: the upside breakout of 1.7368, would call for 1.7425 and 1.7459.

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 stands below its 20 and 50 period moving average (respectively at 1.7334 and 1.7345).

Supports and resistances:

1.7459 **

1.7425 *

1.7368 **

1.7346

1.7309 last

1.7240

1.7206 **

1.7172 *

1.7138 **

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 19:26 UTC+1

Price reference: 1.7309 last known on 04-03-2023 at 19:26 UTC+1

Investment horizon: INTRADAY