7640770 7/12/2017 5:05 PM, AUD/NZD intraday: target 1.0510


Our pivot point is at 1.0600.


Our preference

: target 1.0510.


Alternative scenario

: above 1.0600, look for 1.0630 and 1.0650.


Comment

: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (1.0577) but above its 50 MA (1.0565).


Supports and resistances

:

1.0650 **

1.0630 *

1.0600 **

1.0590

1.0574 last

1.0530

1.0510 **

1.0490 *

1.0480 **