NZD/USD intraday: above its upper Bollinger band
Our pivot point is at 0.5830.
Our preference: as long as 0.5830 is support look for 0.5897.
Alternative scenario: the downside breakout of 0.5830 would call for 0.5809 and 0.5797.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5850 and 0.5835). Finally, the NZD/USD has crossed above its upper Bollinger band (0.5857).
Supports and resistances:
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