EUR/NZD intraday: the downside prevails as long as 1.7718 is resistance

Our pivot point stands at 1.7718.

Our preference: the downside prevails as long as 1.7718 is resistance.

Alternative scenario: above 1.7718, look for 1.7780 and 1.7817.

Comment: the RSI is below 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 1.7685 and 1.7702).

Supports and resistances:

1.7817 **

1.7780 *

1.7718 **

1.7693

1.7664 last

1.7584

1.7546 **

1.7509 *

1.7472 **

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 04-18-2023 at 00:04 UTC+1

Price reference: 1.7664 last known on 04-18-2023 at 00:04 UTC+1

Investment horizon: INTRADAY