EUR/NZD – Currency exchange rate forecast 28.06.2019: the downside prevails as long as 1.6980 is resistance

EUR/NZD - Currency exchange rate forecast 28.06.2019: the downside prevails as long as 1.6980 is resistance

Alternative scenario: above 1.6980, look for 1.7034 and 1.7066.

1.6980 is our pivot point.

Our preference: the downside prevails as long as 1.6980 is resistance.

Alternative scenario: the upside breakout of 1.6980, would call for 1.7034 and 1.7066.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.6950 and 1.6962).

Supports and resistances:

1.7066 **

1.7034 *

1.6980 **

1.6959

1.6933 last

1.6867

1.6835 **

1.6803 *

1.6771 **

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