AUD/NZD may rise 23 - 33 pips.

AUD/NZD may rise 23 - 33 pips.

Our pivot point is at 1.1536.

Our preference : Our next up target stands at 1.1584 Alternative scenario Below 1.1536, expect 1.1519 and 1.1509.

Comment : The RSI is above its neutrality area at 50.

The MACD is above its signal line and negative.

The MACD must break above its zero level to trigger further gains.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1548 and 1.1543).