NZD/USD intraday: the downside prevails as long as 0.5860 is resistance
Our pivot point is at 0.5860.
Our preference: the downside prevails as long as 0.5860 is resistance.
Alternative scenario: above 0.5860, look for 0.5882 and 0.5896.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5845 and 0.5850).
Supports and resistances:
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