NZD/USD may rise 36 - 53 pips

0.6191 is our pivot point.

Our preference

The upside prevails as long as 0.6191 is support.

Alternative scenario

The downside breakout of 0.6191 would call for 0.6162 and 0.6145.

Comment

The RSI is above 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 0.6208 and 0.6213).

Supports and resistances

0.6303 **

0.6286 *

0.6269 **

0.6252

0.6216 last

0.6203

0.6191 **

0.6162 *

0.6145 **

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