EUR/NZD intraday: as long as 1.7034 is support look for 1.7192

1.7034 is our pivot point.

Our preference: as long as 1.7034 is support look for 1.7192.

Alternative scenario: the downside breakout of 1.7034 would call for 1.6977 and 1.6944.

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 1.7081 and 1.7054).

Supports and resistances:

1.7259 **

1.7225 *

1.7192 **

1.7158

1.7084 last

1.7056

1.7034 **

1.6977 *

1.6944 **

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 03-03-2023 at 22:00 UTC+1

Price reference: 1.7084 last known on 03-03-2023 at 22:00 UTC+1

Investment horizon: INTRADAY