NZD/USD intraday: target 0.5813
Our pivot point is at 0.5876.
Our preference: target 0.5813.
Alternative scenario: the upside breakout of 0.5876, would call for 0.5898 and 0.5911.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (0.5857) but above its 50 period moving average (0.5845).
Supports and resistances:
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