NZD/USD intraday: the downside prevails as long as 0.5838 is resistance
Our pivot point stands at 0.5838.
Our preference: the downside prevails as long as 0.5838 is resistance.
Alternative scenario: the upside breakout of 0.5838, would call for 0.5858 and 0.5870.
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 0.5823 and 0.5825).
Supports and resistances:
CM Trade Mobile Application