EUR/NZD intraday: the downside prevails as long as 1.7086 is resistance

Our pivot point is at 1.7086.

Our preference: the downside prevails as long as 1.7086 is resistance.

Alternative scenario: the upside breakout of 1.7086, would call for 1.7142 and 1.7176.

Comment: the RSI is below its neutrality area at 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 1.7056 and 1.7068).

Supports and resistances:

1.7176 **

1.7142 *

1.7086 **

1.7063

1.7039 last

1.6969

1.6935 **

1.6902 *

1.6868 **

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 03-02-2023 at 21:43 UTC+1

Price reference: 1.7039 last known on 03-02-2023 at 21:43 UTC+1

Investment horizon: INTRADAY