EUR/NZD intraday: the upside prevails as long as 1.7629 is support

Our pivot point is at 1.7629.

Our preference: the upside prevails as long as 1.7629 is support.

Alternative scenario: the downside breakout of 1.7629 would call for 1.7566 and 1.7529.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7655 and 1.7640).

Supports and resistances:

1.7874 **

1.7836 *

1.7799 **

1.7762

1.7686 last

1.7653

1.7629 **

1.7566 *

1.7529 **

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 04-12-2023 at 19:44 UTC+1

Price reference: 1.7686 last known on 04-12-2023 at 19:44 UTC+1

Investment horizon: INTRADAY