NZD/USD may rise 37 - 55 pips

Our pivot point stands at 0.6168.

Our preference

As long as 0.6168 is support look for 0.6250.

Alternative scenario

The downside breakout of 0.6168 would call for 0.6137 and 0.6119.

Comment

The RSI is above its neutrality area at 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 0.6189 and 0.6177).

Supports and resistances

0.6287 **

0.6268 *

0.6250 **

0.6232

0.6195 last

0.6180

0.6168 **

0.6137 *

0.6119 **

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