EUR/NZD intraday: the downside prevails as long as 1.7314 is resistance

Our pivot point is at 1.7314.

Our preference: the downside prevails as long as 1.7314 is resistance.

Alternative scenario: above 1.7314, look for 1.7372 and 1.7407.

Comment: the RSI is below 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 1.7314 and 1.7318).

Supports and resistances:

1.7407 **

1.7372 *

1.7314 **

1.7292

1.7258 last

1.7188

1.7154 **

1.7119 *

1.7085 **

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 04-05-2023 at 19:47 UTC+1

Price reference: 1.7258 last known on 04-05-2023 at 19:47 UTC+1

Investment horizon: INTRADAY