EUR/NZD – Currency exchange rate forecast 06.06.2019: rebound

EUR/NZD - Currency exchange rate forecast 06.06.2019: rebound

Alternative scenario: the downside breakout of 1.6909 would call for 1.6855 and 1.6823.

Our pivot point stands at 1.6909.

Our preference: rebound.

Alternative scenario: below 1.6909, expect 1.6855 and 1.6823.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (1.6947) but below its 50 MA (1.6957).

Supports and resistances:

1.7118 **

1.7085 *

1.7053 **

1.7021

1.6954 last

1.6930

1.6909 **

1.6855 *

1.6823 **

Leave a comment

Your email address will not be published. Required fields are marked *