NZD/USD may rise 31 - 46 pips

Our pivot point is at 0.6104.

Our preference

The upside prevails as long as 0.6104 is support.

Alternative scenario

Below 0.6104, expect 0.6078 and 0.6063.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6123 and 0.6123).

Supports and resistances

0.6205 **

0.6190 *

0.6174 **

0.6159

0.6128 last

0.6114

0.6104 **

0.6078 *

0.6063 **

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