EUR/NZD intraday: as long as 1.7040 is support look for 1.7200

Our pivot point stands at 1.7040.

Our preference: as long as 1.7040 is support look for 1.7200.

Alternative scenario: below 1.7040, expect 1.6983 and 1.6949.

Comment: the RSI is above its neutrality area at 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 1.7087 and 1.7058).

Supports and resistances:

1.7267 **

1.7233 *

1.7200 **

1.7166

1.7091 last

1.7062

1.7040 **

1.6983 *

1.6949 **

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 03-06-2023 at 00:14 UTC+1

Price reference: 1.7091 last known on 03-06-2023 at 00:14 UTC+1

Investment horizon: INTRADAY