EUR/NZD Intraday: the upside prevails as long as 1.7889 is support

Apr 12, 2024 19:48
the upside prevails as long as 1.7889 is support.
1.7889 is our pivot point.

Our preference: the upside prevails as long as 1.7889 is support.

Alternative scenario: below 1.7889, expect 1.7851 and 1.7828.

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 1.7897 and 1.7879).

Supports and resistances:
1.8039 **
1.8016 *
1.7994 **
1.7926 last
1.7889 **
1.7851 *
1.7828 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.