NZD/USD intraday: the upside prevails as long as 0.5831 is support
Our pivot point is at 0.5831.
Our preference: the upside prevails as long as 0.5831 is support.
Alternative scenario: the downside breakout of 0.5831 would call for 0.5811 and 0.5799.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5827 and 0.5826).
Supports and resistances:
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