Source: PaxForex Premium Analytics Portal, Technical Insight
The Reserve Bank of New Zealand has confirmed that former deputy governor Geoff Bascand left the bank a week earlier than agreed to over a breach of protocol.
NZD/CAD,D1
Pivot: 0.8575
Analysis:
As long as price is above 0.8542 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.85575
- Take Profit 1: 0.8670
- Take Profit 2: 0.8765
Alternative scenario:
If the level of 0.8542 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8542
- Take profit 1: 0.8378
- Take profit 2: 0.8280
Comment:
RSI indicates the potential for increase in the medium term.
Key levels:
Resistance | Support |
0.8850 | 0.8542 |
0.8765 | 0.8378 |
0.8670 | 0.8280 |