AUD/NZD may rise 25 - 35 pips

Our pivot point stands at 1.0760.

Our preference

The upside prevails as long as 1.0760 is support.

Alternative scenario

Below 1.0760, expect 1.0740 and 1.0730.

Comment

The RSI is above its neutrality area at 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 1.0767 and 1.0760).

Supports and resistances

1.0830 **

1.0820 *

1.0810 **

1.0800

1.0775 last

1.0760

1.0760 **

1.0740 *

1.0730 **

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