Our pivot point is at 1.9759.
Our preference: The downside prevails as long as 1.9759 is resistance, with 1.9686 and 1.9669 as targets
Alternative scenario: above 1.9759, look for 1.9788 and 1.9806.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.9770 and 1.9763). The EUR/NZD is trading below its lower Bollinger band (standing at 1.9738).
Supports and resistances:
1.9806 **
1.9788 *
1.9759 **
1.9723 last
1.9686
1.9669 **
1.9651 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2026 at 10:35 UTC+1
Price reference: 1.9723 last known on 10-21-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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