NZD/USD may rise 38 - 54 pips
Our preference
The upside prevails as long as 0.6501 is support.
Alternative scenario
The downside breakout of 0.6501 would call for 0.6473 and 0.6457.
Comment
The RSI is above 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 0.6509 and 0.6495).
Our preference
The upside prevails as long as 0.6501 is support.
Alternative scenario
The downside breakout of 0.6501 would call for 0.6473 and 0.6457.
Comment
The RSI is above 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 0.6509 and 0.6495).