NZDUSD may rise 43 - 61 pips
Our pivot point is at 0.6314.
Our preference
The upside prevails as long as 0.6314 is support.
Alternative scenario
The downside breakout of 0.6314 would call for 0.6284 and 0.6267.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6315 and 0.6305).
Our pivot point is at 0.6314.
Our preference
The upside prevails as long as 0.6314 is support.
Alternative scenario
The downside breakout of 0.6314 would call for 0.6284 and 0.6267.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6315 and 0.6305).