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 analysing EUR/NZD for Tuesdayto Nov. 26, 2019



EUR/NZD intraday: rebound towards 1.7262
Our pivot point is at 1.7109.

Our preference: rebound towards 1.7262.

Alternative scenario: the downside breakout of 1.7109 would call for 1.7055 and 1.7022.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.7159 and 1.7173).

Supports and resistances:

1.7327 **
1.7294 *
1.7262 **
1.7229
1.7155 last
1.7131
1.7109 **
1.7055 *
1.7022 **

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