NZD/USD may fall 26 - 38 pips

0.5907 is our pivot point.

Our preference

Eye 0.5854.

Alternative scenario

Above 0.5907, look for 0.5927 and 0.5938.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (0.5894) but above its 50 period moving average (0.5892).

Supports and resistances

0.5938 **

0.5927 *

0.5907 **

0.5900

0.5892 last

0.5866

0.5854 **

0.5843 *

0.5832 **

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