NZD/USD intraday: under pressure below 0.5935
Our pivot point is at 0.5935.
Our preference: under pressure below 0.5935.
Alternative scenario: the upside breakout of 0.5935, would call for 0.5954 and 0.5965.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5928 and 0.5919).
Supports and resistances:
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