AUD/NZD may rise 22 - 32 pips

1.0770 is our pivot point.

Our preference

As long as 1.0770 is support look for 1.0820.

Alternative scenario

Below 1.0770, expect 1.0750 and 1.0740.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0787 and 1.0782).

Supports and resistances

1.0840 **

1.0830 *

1.0820 **

1.0810

1.0788 last

1.0780

1.0770 **

1.0750 *

1.0740 **

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