in ANALISA by hafid zaini

7640793 7/12/2017 5:08 PM, EUR/NZD intraday: the downside prevails as long as 1.5885 is resistance


Our pivot point stands at 1.5885.


Our preference

: the downside prevails as long as 1.5885 is resistance.


Alternative scenario

: above 1.5885, look for 1.5945 and 1.5980.


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 stands below its 20 and 50 MAs (respectively at 1.5853 and 1.5846).


Supports and resistances

:

1.5980 **

1.5945 *

1.5885 **

1.5862

1.5835 last

1.5758

1.5723 **

1.5688 *

1.5652 **