The NZD/USD currency pair is trading at 0.6067 and continues to move within the growth frame. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo indicator cloud. This indicates that there is a bullish trend for this pair.
Pivot: 0.6094
Provided that the currency pair is traded above 0.6048, follow the recommendations below:
In case of breakdown of the level 0.6048 follow the recommendations below:
RSI is above the neutral area by 50. MACD is above the signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MA (0.6073 and 0.6054 respectively).
| Resistance | Support |
| 0.6223 | 0.6048 |
| 0.6191 | 0.5994 |
| 0.6159 | 0.5962 |
Pivot: 0.6032
While the price is above 0.5699, follow the recommendations below:
If the level 0.5699 is broken-down, follow the recommendations below.
RSI is above 50. MACD is negative and above the signal line. The MACD must breakout above its zero level to cause further growth. Moreover, the pair trades above 20 mA (0.5993) but below 50 mA (0.6074).
| Resistance | Support |
| 0.6923 | 0.5699 |
| 0.6701 | 0.5329 |
| 0.6479 | 0.5109 |
AUD/USD – buy above 0.6485 with 0.6545 and 0.6575 as Take Profit targets. Alternative scenario - if the level of 0.6485 is broken-down, you should consider selling with the targets 0.6450 and 0.6410 as Take Profit.
USD/CAD - short positions below 1.4000 with 1.3920 and 1. 1.3895 targets as Take Profit. Alternative scenario - if the level of 1.4000 is broken-out, buy with the targets 1.4035 and 1.4075 as Take Profit.
EUR/USD – buy above 1.0815 with 1.0870 and 1.0890 targets as Take Profit. Alternative scenario - if the level 1.0815 is broken-down, sell with the TP 1.0785 and 1.0760.
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