NZD/USD may rise 26 - 38 pips

Our pivot point stands at 0.6111.

Our preference

The upside prevails as long as 0.6111 is support.

Alternative scenario

The downside breakout of 0.6111 would call for 0.6091 and 0.6078.

Comment

The RSI is above 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 0.6120 and 0.6125).

Supports and resistances

0.6191 **

0.6178 *

0.6166 **

0.6154

0.6128 last

0.6120

0.6111 **

0.6091 *

0.6078 **

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