NZD/USD may rise 26 - 38 pips

Our pivot point is at 0.6081.

Our preference

As long as 0.6081 is support look for 0.6140.

Alternative scenario

The downside breakout of 0.6081 would call for 0.6060 and 0.6047.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6094 and 0.6085).

Supports and resistances

0.6166 **

0.6153 *

0.6140 **

0.6128

0.6102 last

0.6090

0.6081 **

0.6060 *

0.6047 **

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