NZD/USD may fall 35 - 52 pips

Our pivot point stands at 0.6039.

Our preference

As long as 0.6039 is resistance expect 0.5963.

Alternative scenario

The upside breakout of 0.6039, would call for 0.6068 and 0.6085.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is below its 20 period moving average (0.6016) but above its 50 period moving average (0.6014).

Supports and resistances

0.6085 **

0.6068 *

0.6039 **

0.6028

0.6015 last

0.5980

0.5963 **

0.5946 *

0.5929 **

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