NZD/USD may rise 25 - 38 pips

0.6082 is our pivot point.

Our preference

The upside prevails as long as 0.6082 is support.

Alternative scenario

The downside breakout of 0.6082 would call for 0.6061 and 0.6048.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6094 and 0.6081). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6101).

Supports and resistances

0.6165 **

0.6153 *

0.6140 **

0.6127

0.6102 last

0.6090

0.6082 **

0.6061 *

0.6048 **

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