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NZD/USD intraday: our next up target stands at 0.5974
2024-04-24
1058
Our pivot point stands at 0.5922.
Our preference: our next up target stands at 0.5974.
Alternative scenario: the downside breakout of 0.5922 would call for 0.5902 and 0.5891.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5931 and 0.5935).
Supports and resistances:
0.5997 **
0.5986 *
0.5974 **
0.5962
0.5938 last
0.5930
0.5922 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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