NZD/USD may rise 26 - 38 pips

0.6129 is our pivot point.

Our preference

As long as 0.6129 is support look for 0.6184.

Alternative scenario

The downside breakout of 0.6129 would call for 0.6109 and 0.6097.

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 0.6141 and 0.6130).

Supports and resistances

0.6208 **

0.6196 *

0.6184 **

0.6172

0.6146 last

0.6137

0.6129 **

0.6109 *

0.6097 **

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