NZD/USD may rise 23 - 33 pips

0.6001 is our pivot point.

Our preference

As long as 0.6001 is support look for 0.6051.

Alternative scenario

Below 0.6001, expect 0.5983 and 0.5973.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6009 and 0.5972).

Supports and resistances

0.6073 **

0.6062 *

0.6051 **

0.6041

0.6018 last

0.6008

0.6001 **

0.5983 *

0.5973 **

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