EUR/NZD – Currency exchange rate forecast 17.06.2019: as long as 1.7228 is support look for 1.7374

EUR/NZD - Currency exchange rate forecast 17.06.2019: as long as 1.7228 is support look for 1.7374

Alternative scenario: the downside breakout of 1.7228 would call for 1.7173 and 1.7140.

Our pivot point stands at 1.7228.

Our preference: as long as 1.7228 is support look for 1.7374.

Alternative scenario: below 1.7228, expect 1.7173 and 1.7140.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.7269 and 1.7255).

Supports and resistances:

1.7440 **

1.7407 *

1.7374 **

1.7341

1.7276 last

1.7249

1.7228 **

1.7173 *

1.7140 **

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