NZD/USD intraday: below its lower Bollinger band
Our pivot point is at 0.5827.
Our preference: the downside prevails as long as 0.5827 is resistance.
Alternative scenario: the upside breakout of 0.5827, would call for 0.5848 and 0.5860.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5821 and 0.5824). Finally, the NZD/USD has penetrated its lower Bollinger band (0.5812).
Supports and resistances:
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