7645465 7/13/2017 12:20 PM, EUR/NZD intraday: the downside prevails as long as 1.5748 is resistance


1.5748 is our pivot point.


Our preference

: the downside prevails as long as 1.5748 is resistance.


Alternative scenario

: the upside breakout of 1.5748, would call for 1.5811 and 1.5849.


Comment

: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.5719 and 1.5759).


Supports and resistances

:

1.5849 **

1.5811 *

1.5748 **

1.5724

1.5694 last

1.5614

1.5577 **

1.5540 *

1.5502 **