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NZD/USD intraday: the upside prevails as long as 0.5831 is support

2023-10-23
867

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:

0.5915 **

0.5903 *

0.5890 **

0.5878

0.5849 last

0.5840

0.5831 **

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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