NZD/USD may rise to 0.6460 - 0.6577

Our pivot point is at 0.6041.

Our preference

The upside prevails as long as 0.6041 is support.

Alternative scenario

The downside breakout of 0.6041 would call for 0.5846 and 0.5730.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6024 and 0.6077).

Supports and resistances

0.6810 **

0.6693 *

0.6577 **

0.6460

0.6220 last

0.6118

0.6041 **

0.5846 *

0.5730 **

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