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NZD/USD intraday: rise to 0.5996
2024-04-26
438
Our pivot point is at 0.5937.
Our preference: rise to 0.5996.
Alternative scenario: the downside breakout of 0.5937 would call for 0.5917 and 0.5906.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the pair is trading under its 20 period moving average (0.5954) but above its 50 period moving average (0.5950).
Supports and resistances:
0.6020 **
0.6008 *
0.5996 **
0.5985
0.5954 last
0.5945
0.5937 **
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