NZD/USD may rise 24 - 35 pips
Our pivot point stands at 0.6223.
Our preference
The upside prevails as long as 0.6223 is support.
Alternative scenario
Below 0.6223, expect 0.6204 and 0.6192.
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 0.6237 and 0.6242). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6244).
Supports and resistances
0.6304 **
0.6292 *
0.6280 **
0.6269
0.6245 last
0.6231
0.6223 **
0.6204 *
0.6192 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
The upside prevails as long as 0.6223 is support.
Alternative scenario
Below 0.6223, expect 0.6204 and 0.6192.
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 0.6237 and 0.6242). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6244).
Supports and resistances
0.6304 **
0.6292 *
0.6280 **
0.6269
0.6245 last
0.6231
0.6223 **
0.6204 *
0.6192 **
Number of asterisks represents the strength of support and resistance levels.
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