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NZD/USD intraday: rebound
2023-10-04
948
Our pivot point stands at 0.5877.
Our preference: rebound.
Alternative scenario: below 0.5877, expect 0.5858 and 0.5847.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (0.5894) but under its 50 period moving average (0.5899).
Supports and resistances:
0.5956 **
0.5944 *
0.5933 **
0.5922
0.5896 last
0.5885
0.5877 **
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