NZD/USD may rise 41 - 59 pips

Our pivot point stands at 0.6063.

Our preference

Our next up target stands at 0.6146.

Alternative scenario

The downside breakout of 0.6063 would call for 0.6032 and 0.6014.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6085 and 0.6086).

Supports and resistances

0.6182 **

0.6164 *

0.6146 **

0.6128

0.6087 last

0.6074

0.6063 **

0.6032 *

0.6014 **

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