NZD/USD may rise 35 - 52 pips

0.6002 is our pivot point.

Our preference

The upside prevails as long as 0.6002 is support.

Alternative scenario

The downside breakout of 0.6002 would call for 0.5974 and 0.5957.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6018 and 0.6010).

Supports and resistances

0.6113 **

0.6096 *

0.6079 **

0.6062

0.6027 last

0.6013

0.6002 **

0.5974 *

0.5957 **

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