NZD/USD may fall 24 - 35 pips.

NZD/USD may fall 24 - 35 pips.

Our pivot point is at 0.5977.

Our preference : The downside prevails as long as 0.5977 is resistance Alternative scenario Above 0.5977, look for 0.5995 and 0.6006.

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

The MACD is below its signal line and negative.

The configuration is negative.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5966 and 0.5972).