NZD/USD may rise 28 - 40 pips

0.6125 is our pivot point.

Our preference

As long as 0.6125 is support look for 0.6183.

Alternative scenario

The downside breakout of 0.6125 would call for 0.6104 and 0.6091.

Comment

The RSI is above 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 0.6142 and 0.6130).

Supports and resistances

0.6209 **

0.6196 *

0.6183 **

0.6171

0.6143 last

0.6134

0.6125 **

0.6104 *

0.6091 **

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