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NZD/USD intraday: as long as 0.5951 is resistance look for 0.5897

2024-04-25
295

Our pivot point is at 0.5951.

Our preference: as long as 0.5951 is resistance look for 0.5897.

Alternative scenario: the upside breakout of 0.5951, would call for 0.5971 and 0.5983.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (0.5931) but below its 50 period moving average (0.5935).

Supports and resistances:

0.5983 **

0.5971 *

0.5951 **

0.5943

0.5933 last

0.5909

0.5897 **

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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