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NZD/USD intraday: above its upper Bollinger band
2024-05-24
804
0.6080 is our pivot point.
Our preference: rebound.
Alternative scenario: below 0.6080, expect 0.6055 and 0.6040.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (0.6096) but below its 50 period moving average (0.6105). Finally, the NZD/USD has crossed above its upper Bollinger band (0.6102).
Supports and resistances:
0.6177 **
0.6162 *
0.6147 **
0.6132
0.6102 last
0.6090
0.6080 **
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