NZD/USD may rise 42 - 56 pips.

NZD/USD may rise 42 - 56 pips.

Our pivot point is at 0.5893.

Our preference : Look for a drop towards 0.5893 before a bounce Alternative scenario Below 0.5893, expect 0.5869 and 0.5854.

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

The MACD is below its signal line and negative.

The penetration of 50 on the RSI should trigger further losses.

Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5929 and 0.5926).