NZD/USD may rise 24 - 36 pips

0.6114 is our pivot point.

Our preference

The upside prevails as long as 0.6114 is support.

Alternative scenario

Below 0.6114, expect 0.6094 and 0.6082.

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 0.6126 and 0.6121).

Supports and resistances

0.6191 **

0.6179 *

0.6167 **

0.6155

0.6131 last

0.6122

0.6114 **

0.6094 *

0.6082 **

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