NZD/USD may rise 27 - 39 pips

Our pivot point is at 0.6117.

Our preference

The upside prevails as long as 0.6117 is support.

Alternative scenario

The downside breakout of 0.6117 would call for 0.6097 and 0.6084.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6126 and 0.6124).

Supports and resistances

0.6198 **

0.6186 *

0.6173 **

0.6161

0.6134 last

0.6126

0.6117 **

0.6097 *

0.6084 **

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