EUR/NZD may rise 58 - 83 pips.

EUR/NZD may rise 58 - 83 pips.

Our pivot point is at 1.9865.

Our preference : As long as 1.9865 is support look for 1.9990 Alternative scenario Below 1.9865, expect 1.9822 and 1.9797.

Comment : The RSI is above its neutrality area at 50.

The MACD is below its signal line and positive.

The price could retrace.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9904 and 1.9879).