NZD/USD may rise to 0.6411 - 0.6537

Our pivot point is at 0.5966.

Our preference

As long as 0.5966 is support look for 0.6537.

Alternative scenario

The downside breakout of 0.5966 would call for 0.5755 and 0.5629.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6137 and 0.6082).

Supports and resistances

0.6789 **

0.6663 *

0.6537 **

0.6411

0.6150 last

0.6049

0.5966 **

0.5755 *

0.5629 **

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