NZD/USD may rise 26 - 38 pips

Our pivot point is at 0.6167.

Our preference

As long as 0.6167 is support look for 0.6224.

Alternative scenario

The downside breakout of 0.6167 would call for 0.6146 and 0.6133.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6184 and 0.6182).

Supports and resistances

0.6249 **

0.6237 *

0.6224 **

0.6212

0.6186 last

0.6175

0.6167 **

0.6146 *

0.6133 **

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