NZD/USD Intraday: the upside prevails as long as 0.5985 is support
May 8, 2024 22:06
NZD/USD (NZD/USD)
-0.00011-0.02%
the upside prevails as long as 0.5985 is support.
0.5985 is our pivot point.
Our preference: the upside prevails as long as 0.5985 is support.
Alternative scenario: below 0.5985, expect 0.5961 and 0.5947.
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 0.5998 and 0.5994).
Supports and resistances:
0.6075 **
0.6061 *
0.6048 **
0.6034
0.6004 last
0.5994
0.5985 **
0.5961 *
0.5947 **
Our preference: the upside prevails as long as 0.5985 is support.
Alternative scenario: below 0.5985, expect 0.5961 and 0.5947.
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 0.5998 and 0.5994).
Supports and resistances:
0.6075 **
0.6061 *
0.6048 **
0.6034
0.6004 last
0.5994
0.5985 **
0.5961 *
0.5947 **
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