EUR/NZD intraday: as long as 1.7211 is support look for 1.7366

Our pivot point is at 1.7211.

Our preference: as long as 1.7211 is support look for 1.7366.

Alternative scenario: the downside breakout of 1.7211 would call for 1.7154 and 1.7120.

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 1.7240 and 1.7170).

Supports and resistances:

1.7434 **

1.7400 *

1.7366 **

1.7332

1.7259 last

1.7234

1.7211 **

1.7154 *

1.7120 **

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 21:52 UTC+1

Price reference: 1.7259 last known on 03-06-2023 at 21:52 UTC+1

Investment horizon: INTRADAY