EUR/NZD – Currency exchange rate forecast 25.05.2019: rebound towards 1.7204

EUR/NZD - Currency exchange rate forecast 25.05.2019: rebound towards 1.7204

Our preference: rebound towards 1.7204.

1.7060 is our pivot point.

Our preference: rebound towards 1.7204.

Alternative scenario: below 1.7060, expect 1.7006 and 1.6973.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.7105) but under its 50 MA (1.7131).

Supports and resistances:

1.7269 **

1.7237 *

1.7204 **

1.7172

1.7106 last

1.7082

1.7060 **

1.7006 *

1.6973 **

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