NZD/USD intraday: the upside prevails as long as 0.5991 is support
Our pivot point stands at 0.5991.
Our preference: the upside prevails as long as 0.5991 is support.
Alternative scenario: below 0.5991, expect 0.5974 and 0.5965.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 0.5987 and 0.5975).
Supports and resistances:
0.6057 **
0.6047 *
0.6037 **
0.6027
0.6007 last
0.5998
0.5991 **
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