EUR/NZD may fall 71 - 103 pips.

EUR/NZD may fall 71 - 103 pips.

Our pivot point is at 1.9727.

Our preference : The downside prevails as long as 1.9727 is resistance Alternative scenario Above 1.9727, look for 1.9783 and 1.9815.

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 price stands below its 20 and 50 period moving average (respectively at 1.9690 and 1.9704).