NZD/USD intraday: the downside prevails as long as 0.5858 is resistance
Our pivot point stands at 0.5858.
Our preference: the downside prevails as long as 0.5858 is resistance.
Alternative scenario: the upside breakout of 0.5858, would call for 0.5880 and 0.5893.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5850 and 0.5846).
Supports and resistances:
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