NZD/USD intraday: the upside prevails as long as 0.5902 is support
Our pivot point stands at 0.5902.
Our preference: the upside prevails as long as 0.5902 is support.
Alternative scenario: the downside breakout of 0.5902 would call for 0.5883 and 0.5872.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5909 and 0.5904).
Supports and resistances:
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