NZD/USD may rise 26 - 38 pips

Our pivot point is at 0.6095.

Our preference

Rebound towards 0.6150.

Alternative scenario

The downside breakout of 0.6095 would call for 0.6075 and 0.6063.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6117 and 0.6127).

Supports and resistances

0.6174 **

0.6162 *

0.6150 **

0.6138

0.6112 last

0.6103

0.6095 **

0.6075 *

0.6063 **

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