NZD/USD may rise 23 - 33 pips

0.5902 is our pivot point.

Our preference

The upside prevails as long as 0.5902 is support.

Alternative scenario

Below 0.5902, expect 0.5885 and 0.5875.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5911 and 0.5903).

Supports and resistances

0.5969 **

0.5959 *

0.5949 **

0.5939

0.5916 last

0.5908

0.5902 **

0.5885 *

0.5875 **

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