NZD/USD may rise 26 - 38 pips

Our pivot point stands at 0.6177.

Our preference

The upside prevails as long as 0.6177 is support.

Alternative scenario

Below 0.6177, expect 0.6156 and 0.6144.

Comment

The RSI is above 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 0.6188 and 0.6185).

Supports and resistances

0.6259 **

0.6247 *

0.6234 **

0.6222

0.6196 last

0.6185

0.6177 **

0.6156 *

0.6144 **

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