NZD/USD may rise 26 - 38 pips

0.6107 is our pivot point.

Our preference

The upside prevails as long as 0.6107 is support.

Alternative scenario

The downside breakout of 0.6107 would call for 0.6087 and 0.6074.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6115 and 0.6109).

Supports and resistances

0.6187 **

0.6175 *

0.6163 **

0.6151

0.6125 last

0.6115

0.6107 **

0.6087 *

0.6074 **

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