NZD/USD may fall 29 - 41 pips

0.6186 is our pivot point.

Our preference

The downside prevails as long as 0.6186 is resistance.

Alternative scenario

Above 0.6186, look for 0.6206 and 0.6219.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6172 and 0.6177).

Supports and resistances

0.6219 **

0.6206 *

0.6186 **

0.6177

0.6169 last

0.6140

0.6128 **

0.6115 *

0.6103 **

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