NZD/USD may rise 26 - 39 pips

Our pivot point stands at 0.6099.

Our preference

As long as 0.6099 is support look for 0.6156.

Alternative scenario

The downside breakout of 0.6099 would call for 0.6078 and 0.6065.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.6118) but above its 50 period moving average (0.6112).

Supports and resistances

0.6181 **

0.6169 *

0.6156 **

0.6143

0.6117 last

0.6108

0.6099 **

0.6078 *

0.6065 **

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