Our pivot point is at 1.7352.
Our preference: the upside prevails as long as 1.7352 is support.
Alternative scenario: the downside breakout of 1.7352 would call for 1.7299 and 1.7268.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7359 and 1.7345). Finally, the EUR/NZD is trading above its upper Bollinger band (standing at 1.7392).
Supports and resistances:
1.7564 **
1.7533 *
1.7501 **
1.7470
1.7398 last
1.7373
1.7352 **
1.7299 *
1.7268 **
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 03-27-2023 at 12:15 UTC+1
Price reference: 1.7398 last known on 03-27-2023 at 12:15 UTC+1
Investment horizon: INTRADAY