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admiretira
Apr 24, 2024 4:17 PM

What do you think fam about NZDUSD Short

New Zealand Dollar / US DollareasyMarkets

Description

Our pivot point is at 0.5953.

Our preference

Target 0.5898.

Alternative scenario

The upside breakout of 0.5953, would call for 0.5972 and 0.5984.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (0.5940) but above its 50 period moving average (0.5934).

Supports and resistances

0.5984 **

0.5972 *

0.5953 **

0.5945

0.5936 last

0.5910

0.5898 **

0.5887 *

0.5875 **
Comments
Arys-Capital
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