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NZD/USD intraday: technical rebound towards 0.6110 before a new drop
2024-03-18
997
Our pivot point is at 0.6110.
Our preference: technical rebound towards 0.6110 before a new drop.
Alternative scenario: the upside breakout of 0.6110, would call for 0.6132 and 0.6145.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (0.6088) but under its 50 period moving average (0.6092).
Supports and resistances:
0.6145 **
0.6132 *
0.6110 **
0.6102
0.6092 last
0.6065
0.6052 **
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