NZD/USD may rise to 0.6302 - 0.6388

Our pivot point is at 0.6004.

Our preference

As long as 0.6004 is support look for 0.6388.

Alternative scenario

Below 0.6004, expect 0.5861 and 0.5775.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.6132) but above its 50 period moving average (0.6034).

Supports and resistances

0.6560 **

0.6474 *

0.6388 **

0.6302

0.6123 last

0.6061

0.6004 **

0.5861 *

0.5775 **

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