NZD/USD may rise 25 - 36 pips

Our pivot point is at 0.6076.

Our preference

The upside prevails as long as 0.6076 is support.

Alternative scenario

Below 0.6076, expect 0.6057 and 0.6046.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6083 and 0.6083). Finally, the NZD/USD is trading above its upper Bollinger band (standing at 0.6093).

Supports and resistances

0.6151 **

0.6140 *

0.6129 **

0.6118

0.6093 last

0.6083

0.6076 **

0.6057 *

0.6046 **

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