EUR/NZD – Currency exchange rate forecast 07.08.2019: eye 1.7254

EUR/NZD - Currency exchange rate forecast 07.08.2019: eye 1.7254

The configuration is negative.

1.7412 is our pivot point.

Our preference: eye 1.7254.

Alternative scenario: the upside breakout of 1.7412, would call for 1.7467 and 1.7500.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 MA (1.7390) but above its 50 MA (1.7350).

Supports and resistances:

1.7500 **

1.7467 *

1.7412 **

1.7390

1.7367 last

1.7287

1.7254 **

1.7222 *

1.7189 **

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