NZD/USD may rise 23 - 33 pips

Our pivot point stands at 0.6011.

Our preference

The upside prevails as long as 0.6011 is support.

Alternative scenario

The downside breakout of 0.6011 would call for 0.5994 and 0.5983.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6020 and 0.6020). Finally, the NZD/USD is trading above its upper Bollinger band (standing at 0.6027).

Supports and resistances

0.6084 **

0.6073 *

0.6062 **

0.6052

0.6029 last

0.6019

0.6011 **

0.5994 *

0.5983 **

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