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NZD/USD intraday: rebound towards 0.5919
2024-04-16
140
0.5863 is our pivot point.
Our preference: rebound towards 0.5919.
Alternative scenario: the downside breakout of 0.5863 would call for 0.5843 and 0.5831.
Comment: the RSI is below 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 0.5885 and 0.5903).
Supports and resistances:
0.5943 **
0.5931 *
0.5919 **
0.5907
0.5881 last
0.5871
0.5863 **
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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