NZD/USD may fall 35 - 52 pips
Our pivot point is at 0.6330.
Our preference
The downside prevails as long as 0.6330 is resistance.
Alternative scenario
Above 0.6330, look for 0.6358 and 0.6375.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6317 and 0.6308).
Supports and resistances
0.6375 **
0.6358 *
0.6330 **
0.6318
0.6300 last
0.6265
0.6248 **
0.6231 *
0.6214 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
The downside prevails as long as 0.6330 is resistance.
Alternative scenario
Above 0.6330, look for 0.6358 and 0.6375.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6317 and 0.6308).
Supports and resistances
0.6375 **
0.6358 *
0.6330 **
0.6318
0.6300 last
0.6265
0.6248 **
0.6231 *
0.6214 **
Number of asterisks represents the strength of support and resistance levels.
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