NZD/USD may rise 24 - 35 pips

Our pivot point is at 0.6090.

Our preference

The upside prevails as long as 0.6090 is support.

Alternative scenario

The downside breakout of 0.6090 would call for 0.6072 and 0.6061.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6098 and 0.6098).

Supports and resistances

0.6163 **

0.6152 *

0.6141 **

0.6130

0.6106 last

0.6098

0.6090 **

0.6072 *

0.6061 **

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