EUR/NZD intraday: as long as 1.7420 is support look for 1.7576

Our pivot point is at 1.7420.

Our preference: as long as 1.7420 is support look for 1.7576.

Alternative scenario: below 1.7420, expect 1.7361 and 1.7326.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.7473) but above its 50 period moving average (1.7453).

Supports and resistances:

1.7646 **

1.7611 *

1.7576 **

1.7541

1.7468 last

1.7443

1.7420 **

1.7361 *

1.7326 **

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 04-10-2023 at 10:35 UTC+1

Price reference: 1.7468 last known on 04-10-2023 at 10:35 UTC+1

Investment horizon: INTRADAY