NZD/USD may rise 12 - 27 pips

Pivot

0.5880

Our preference

Long positions above 0.5880 with targets at 0.5905 & 0.5920 in extension.

Alternative scenario

Below 0.5880 look for further downside with 0.5865 & 0.5855 as targets.

Comment

The break above 0.5880 is a positive signal that has opened a path to 0.5905.

Supports and resistances

0.5935

0.5920

0.5905

0.5893 Last

0.5880

0.5865

0.5855

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