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NZD/USD ST: rebound towards 0.6154

2023-09-12
942

Our pivot point stands at 0.5800.

Our preference: rebound towards 0.6154.

Alternative scenario: the downside breakout of 0.5800 would call for 0.5670 and 0.5593.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5922 and 0.6068).

Supports and resistances:

0.6309 **

0.6232 *

0.6154 **

0.6077

0.5914 last

0.5851

0.5800 **

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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