EUR/NZD – Currency exchange rate forecast 11.06.2019: as long as 1.7166 is support look for 1.7310

EUR/NZD - Currency exchange rate forecast 11.06.2019: as long as 1.7166 is support look for 1.7310

Our preference: as long as 1.7166 is support look for 1.7310.

Our pivot point stands at 1.7166.

Our preference: as long as 1.7166 is support look for 1.7310.

Alternative scenario: the downside breakout of 1.7166 would call for 1.7111 and 1.7079.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.7200 and 1.7166).

Supports and resistances:

1.7375 **

1.7342 *

1.7310 **

1.7277

1.7209 last

1.7187

1.7166 **

1.7111 *

1.7079 **

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