NZD/USD may fall 37 - 55 pips

Our pivot point stands at 0.6085.

Our preference

The downside prevails as long as 0.6085 is resistance.

Alternative scenario

Above 0.6085, look for 0.6115 and 0.6133.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6062 and 0.6060).

Supports and resistances

0.6133 **

0.6115 *

0.6085 **

0.6073

0.6059 last

0.6022

0.6004 **

0.5986 *

0.5968 **

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