Source: PaxForex Premium Analytics Portal, Technical Insight
New Zealand central bank Governor Adrian Orr said on Thursday he was confident the central bank can get inflation under control as the country battles a tight labor market.
NZD/CAD,D1
Pivot: 0.7941
Analysis:
As long as the price is above 0.7800 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7941
- Take Profit 1: 0.7980
- Take Profit 2: 0.8050
Alternative scenario:
If the level of 0.7800 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7800
- Take profit 1: 0.7665
- Take profit 2: 0.7550
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8150 | 0.7800 |
| 0.8050 | 0.7665 |
| 0.7980 | 0.7550 |
