NZD/USD may rise 21 - 31 pips

Our pivot point stands at 0.5949.

Our preference

As long as 0.5949 is support look for 0.5995.

Alternative scenario

The downside breakout of 0.5949 would call for 0.5932 and 0.5922.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5960 and 0.5952).

Supports and resistances

0.6015 **

0.6005 *

0.5995 **

0.5985

0.5964 last

0.5955

0.5949 **

0.5932 *

0.5922 **

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