EUR/NZD intraday: as long as 1.7177 is support look for 1.7339

Our pivot point stands at 1.7177.

Our preference: as long as 1.7177 is support look for 1.7339.

Alternative scenario: the downside breakout of 1.7177 would call for 1.7120 and 1.7086.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.7222 and 1.7204).

Supports and resistances:

1.7407 **

1.7373 *

1.7339 **

1.7305

1.7228 last

1.7200

1.7177 **

1.7120 *

1.7086 **

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 02-28-2023 at 12:14 UTC+1

Price reference: 1.7228 last known on 02-28-2023 at 12:14 UTC+1

Investment horizon: INTRADAY