NZD/USD may fall 24 - 35 pips

0.5931 is our pivot point.

Our preference

The downside prevails as long as 0.5931 is resistance.

Alternative scenario

Above 0.5931, look for 0.5950 and 0.5962.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5923 and 0.5930).

Supports and resistances

0.5962 **

0.5950 *

0.5931 **

0.5924

0.5915 last

0.5891

0.5880 **

0.5868 *

0.5857 **

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