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NZD/USD intraday: above its upper Bollinger band

2024-05-24
761

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 **

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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