NZD/USD may rise 34 - 52 pips

Our pivot point stands at 0.6214.

Our preference

The upside prevails as long as 0.6214 is support.

Alternative scenario

The downside breakout of 0.6214 would call for 0.6185 and 0.6168.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6234 and 0.6236).

Supports and resistances

0.6323 **

0.6306 *

0.6289 **

0.6271

0.6237 last

0.6225

0.6214 **

0.6185 *

0.6168 **

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