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NZD/USD intraday: the upside prevails as long as 0.5926 is support
2023-10-05
540
0.5926 is our pivot point.
Our preference: the upside prevails as long as 0.5926 is support.
Alternative scenario: the downside breakout of 0.5926 would call for 0.5907 and 0.5896.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5921 and 0.5908).
Supports and resistances:
0.6001 **
0.5989 *
0.5978 **
0.5967
0.5942 last
0.5933
0.5926 **
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