NZD/USD intraday: below its lower Bollinger band
Our pivot point is at 0.6101.
Our preference: the downside prevails as long as 0.6101 is resistance.
Alternative scenario: above 0.6101, look for 0.6124 and 0.6137.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6098 and 0.6096). Finally, the NZD/USD is trading below its lower Bollinger band (standing at 0.6083).
Supports and resistances:
0.6137 **
0.6124 *
0.6101 **
0.6093
0.6082 last
0.6055
0.6041 **
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