EUR/NZD ST: the upside prevails as long as 1.491 is support
Our pivot point is at 1.491.
Our preference: the upside prevails as long as 1.491 is support.
Alternative scenario: the downside breakout of 1.491 would call for 1.456 and 1.436.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.4934 and 1.4541).
Supports and resistances:
1.623 **
1.603 *
1.582 **
1.562
1.5196 last
1.504
1.491 **
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