NZD/USD may rise 23 - 33 pips

0.5954 is our pivot point.

Our preference

The upside prevails as long as 0.5954 is support.

Alternative scenario

The downside breakout of 0.5954 would call for 0.5937 and 0.5927.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5951 and 0.5950).

Supports and resistances

0.6021 **

0.6011 *

0.6001 **

0.5991

0.5968 last

0.5960

0.5954 **

0.5937 *

0.5927 **

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