EUR/NZD may rise 70 - 102 pips.

EUR/NZD may rise 70 - 102 pips.

Our pivot point is at 1.9601.

Our preference : The upside prevails as long as 1.9601 is support Alternative scenario Below 1.9601, expect 1.9547 and 1.9514.

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

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9619 and 1.9600).