7647072 7/13/2017 6:08 PM, AUD/NZD intraday: the downside prevails as long as 1.0580 is resistance


1.0580 is our pivot point.


Our preference

: the downside prevails as long as 1.0580 is resistance.


Alternative scenario

: the upside breakout of 1.0580, would call for 1.0610 and 1.0630.


Comment

: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.0562 and 1.0568).


Supports and resistances

:

1.0630 **

1.0610 *

1.0580 **

1.0560

1.0541 last

1.0500

1.0480 **

1.0460 *

1.0440 **