NZD/USD Intraday: the upside prevails as long as 0.5978 is support
May 8, 2024 19:53
NZD/USD (NZD/USD)
-0.00011-0.02%
the upside prevails as long as 0.5978 is support.
0.5978 is our pivot point.
Our preference: the upside prevails as long as 0.5978 is support.
Alternative scenario: below 0.5978, expect 0.5954 and 0.5941.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5995 and 0.5994).
Supports and resistances:
0.6069 **
0.6055 *
0.6041 **
0.6027
0.5999 last
0.5987
0.5978 **
0.5954 *
0.5941 **
Our preference: the upside prevails as long as 0.5978 is support.
Alternative scenario: below 0.5978, expect 0.5954 and 0.5941.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5995 and 0.5994).
Supports and resistances:
0.6069 **
0.6055 *
0.6041 **
0.6027
0.5999 last
0.5987
0.5978 **
0.5954 *
0.5941 **
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