NZD/USD may fall 26 - 38 pips
Our pivot point is at 0.6193.
Our preference
Technical rebound towards 0.6193 before a new drop.
Alternative scenario
The upside breakout of 0.6193, would call for 0.6214 and 0.6227.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (0.6176) but under its 50 period moving average (0.6178).
Supports and resistances
0.6227 **
0.6214 *
0.6193 **
0.6185
0.6176 last
0.6150
0.6138 **
0.6125 *
0.6113 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
Technical rebound towards 0.6193 before a new drop.
Alternative scenario
The upside breakout of 0.6193, would call for 0.6214 and 0.6227.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (0.6176) but under its 50 period moving average (0.6178).
Supports and resistances
0.6227 **
0.6214 *
0.6193 **
0.6185
0.6176 last
0.6150
0.6138 **
0.6125 *
0.6113 **
Number of asterisks represents the strength of support and resistance levels.
Disclaimer
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