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NZD/USD intraday: our next up target stands at 0.6025
2024-04-11
940
Our pivot point is at 0.5977.
Our preference: our next up target stands at 0.6025.
Alternative scenario: the downside breakout of 0.5977 would call for 0.5959 and 0.5948.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5987 and 0.5983).
Supports and resistances:
0.6047 **
0.6036 *
0.6025 **
0.6015
0.5993 last
0.5984
0.5977 **
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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