AUD/NZD may rise 29 - 39 pips

Our pivot point is at 1.1060.

Our preference

Rebound towards 1.1120.

Alternative scenario

The downside breakout of 1.1060 would call for 1.1040 and 1.1030.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1089 and 1.1114).

Supports and resistances

1.1140 **

1.1130 *

1.1120 **

1.1110

1.1081 last

1.1070

1.1060 **

1.1040 *

1.1030 **

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