NZD/USD may rise 38 - 55 pips.

NZD/USD may rise 38 - 55 pips.

Our pivot point is at 0.5854.

Our preference : Rebound towards 0.5933 Alternative scenario Below 0.5854, expect 0.5826 and 0.5809.

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

The MACD is above its signal line and negative.

The configuration is mixed.

Moreover, the price stands above its 20 period moving average (0.5875) but below its 50 period moving average (0.5888).