NZD/USD intraday: the downside prevails as long as

NZD/USD intraday: the downside prevails as long as 0.7316 is resistance

NZDUSD

Trading Central 2021-02-22 17:06:05

Our pivot point is at 0.7316.

Our preference: the downside prevails as long as 0.7316 is resistance.

Alternative scenario: above 0.7316, look for 0.7343 and 0.7359.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.7307 and 0.7295).

Supports and resistances:

0.7359 **

0.7343 *

0.7316 **

0.7306

0.7288 last

0.7256

0.7240 **

Disclaimer

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