NZD/USD may rise 32 - 47 pips

0.6042 is our pivot point.

Our preference

The upside prevails as long as 0.6042 is support.

Alternative scenario

Below 0.6042, expect 0.6016 and 0.6001.

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 0.6060 and 0.6060). Finally, the NZD/USD is trading above its upper Bollinger band (standing at 0.6066).

Supports and resistances

0.6147 **

0.6132 *

0.6117 **

0.6102

0.6070 last

0.6051

0.6042 **

0.6016 *

0.6001 **

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