AUD/NZD may rise 24 - 34 pips

1.0920 is our pivot point.

Our preference

As long as 1.0920 is support look for 1.0970.

Alternative scenario

The downside breakout of 1.0920 would call for 1.0900 and 1.0880.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0933 and 1.0911).

Supports and resistances

1.1000 **

1.0990 *

1.0970 **

1.0960

1.0936 last

1.0920

1.0920 **

1.0900 *

1.0880 **

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