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NZD/USD intraday: the upside prevails as long as 0.5890 is support
2023-10-04
721
Our pivot point is at 0.5890.
Our preference: the upside prevails as long as 0.5890 is support.
Alternative scenario: below 0.5890, expect 0.5871 and 0.5860.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5905 and 0.5901).
Supports and resistances:
0.5966 **
0.5955 *
0.5944 **
0.5933
0.5906 last
0.5898
0.5890 **
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