NZD/USD may fall 35 - 52 pips

Our pivot point is at 0.6262.

Our preference

Eye 0.6187.

Alternative scenario

Above 0.6262, look for 0.6291 and 0.6308.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (0.6242) but above its 50 period moving average (0.6238).

Supports and resistances

0.6308 **

0.6291 *

0.6262 **

0.6251

0.6239 last

0.6204

0.6187 **

0.6170 *

0.6153 **

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