NZD/USD may rise 34 - 50 pips

0.6135 is our pivot point.

Our preference

The upside prevails as long as 0.6135 is support.

Alternative scenario

The downside breakout of 0.6135 would call for 0.6107 and 0.6091.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6153 and 0.6150).

Supports and resistances

0.6242 **

0.6226 *

0.6209 **

0.6193

0.6159 last

0.6146

0.6135 **

0.6107 *

0.6091 **

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