7645447 7/13/2017 12:17 PM, AUD/NZD intraday: the downside prevails as long as 1.0590 is resistance


1.0590 is our pivot point.


Our preference

: the downside prevails as long as 1.0590 is resistance.


Alternative scenario

: the upside breakout of 1.0590, would call for 1.0620 and 1.0640.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0571 and 1.0570).


Supports and resistances

:

1.0640 **

1.0620 *

1.0590 **

1.0580

1.0560 last

1.0520

1.0500 **

1.0480 *

1.0460 **