EUR/NZD – Currency exchange rate forecast 01.07.2019: target 1.6822

EUR/NZD - Currency exchange rate forecast 01.07.2019: target 1.6822

The MACD is positive and below its signal line.

Our pivot point stands at 1.6969.

Our preference: target 1.6822.

Alternative scenario: above 1.6969, look for 1.7023 and 1.7055.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (1.6932) but above its 50 MA (1.6919).

Supports and resistances:

1.7055 **

1.7023 *

1.6969 **

1.6948

1.6920 last

1.6854

1.6822 **

1.6790 *

1.6758 **

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