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Evening analysis of NZD/USD for Mondayto Nov. 11, 2019



NZD/USD intraday: as long as 0.6346 is support look for 0.6399
Our pivot point stands at 0.6346.

Our preference: as long as 0.6346 is support look for 0.6399.

Alternative scenario: the downside breakout of 0.6346 would call for 0.6326 and 0.6315.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.6361 and 0.6347).

Supports and resistances:

0.6422 **
0.6410 *
0.6399 **
0.6387
0.6362 last
0.6354
0.6346 **
0.6326 *
0.6315 **

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