NZD/USD may rise 30 - 45 pips

0.6100 is our pivot point.

Our preference

As long as 0.6100 is support look for 0.6169.

Alternative scenario

The downside breakout of 0.6100 would call for 0.6075 and 0.6060.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6118 and 0.6105).

Supports and resistances

0.6199 **

0.6184 *

0.6169 **

0.6154

0.6124 last

0.6109

0.6100 **

0.6075 *

0.6060 **

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