NZD/USD may rise 26 - 37 pips

0.5982 is our pivot point.

Our preference

Rebound towards 0.6035.

Alternative scenario

Below 0.5982, expect 0.5963 and 0.5952.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5999 and 0.6009).

Supports and resistances

0.6058 **

0.6046 *

0.6035 **

0.6024

0.5998 last

0.5989

0.5982 **

0.5963 *

0.5952 **

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