NZD/USD intraday: the upside prevails as long as 0.5884 is support
Our pivot point is at 0.5884.
Our preference: the upside prevails as long as 0.5884 is support.
Alternative scenario: the downside breakout of 0.5884 would call for 0.5865 and 0.5854.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5900 and 0.5901).
Supports and resistances:
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