NZD/USD may rise 31 - 46 pips

0.6060 is our pivot point.

Our preference

The upside prevails as long as 0.6060 is support.

Alternative scenario

The downside breakout of 0.6060 would call for 0.6034 and 0.6019.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6074 and 0.6070).

Supports and resistances

0.6156 **

0.6141 *

0.6126 **

0.6111

0.6080 last

0.6069

0.6060 **

0.6034 *

0.6019 **

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