NZD/USD intraday: the downside prevails as long as 0.5911 is resistance
Our pivot point is at 0.5911.
Our preference: the downside prevails as long as 0.5911 is resistance.
Alternative scenario: the upside breakout of 0.5911, would call for 0.5930 and 0.5941.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5902 and 0.5904).
Supports and resistances:
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