AUD/NZD ST: the upside prevails as long as 1.0780 is support
Our pivot point stands at 1.0780.
Our preference: the upside prevails as long as 1.0780 is support.
Alternative scenario: the downside breakout of 1.0780 would call for 1.0680 and 1.0620.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0844 and 1.0821).
Supports and resistances:
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