NZD/USD may rise 26 - 36 pips

Our pivot point stands at 0.5976.

Our preference

Rebound towards 0.6032.

Alternative scenario

Below 0.5976, expect 0.5959 and 0.5949.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5998 and 0.6010).

Supports and resistances

0.6053 **

0.6042 *

0.6032 **

0.6022

0.5996 last

0.5983

0.5976 **

0.5959 *

0.5949 **

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