VIP NZD/USD may rise 64 - 96 pips 04-17-2020 10:36

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Preference

The upside prevails as long as 0.5965 is support.



Alternative Scenario

The downside breakout of 0.5965 would call for 0.5911 and 0.5879.



Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.5987 and 0.5972).



Supports and Resistances

0.6170 **

0.6138 *

0.6106 **

0.6074

0.6010 (last)

0.5986

0.5965 **

0.5911 *

0.5879 **

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