NZD/USD may rise 36 - 53 pips
Preference
Our next up target stands at 0.6326.
Alternative scenario
Below 0.6240, expect 0.6211 and 0.6194.
Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6258 and 0.6256).
Preference
Our next up target stands at 0.6326.
Alternative scenario
Below 0.6240, expect 0.6211 and 0.6194.
Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6258 and 0.6256).