AUD/NZD may rise 28 - 38 pips

1.0840 is our pivot point.

Our preference

Rebound towards 1.0890.

Alternative scenario

Below 1.0840, expect 1.0820 and 1.0800.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0857 and 1.0867).

Supports and resistances

1.0910 **

1.0900 *

1.0890 **

1.0880

1.0852 last

1.0840

1.0840 **

1.0820 *

1.0800 **

Number of asterisks represents the strength of support and resistance levels.