Source: PaxForex Premium Analytics Portal, Technical Insight
US Initial Jobless Claims rise to their highest level in nearly two years, market narrative tilts back toward fears of a harder-than-soft landing.
NZD/CAD,D1
Pivot: 0.8182
Analysis:
As long as the price is above 0.8030 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8182
- Take Profit 1: 0.8250
- Take Profit 2: 0.8350
Alternative scenario:
If the level of 0.8030 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8030
- Take profit 1: 0.7950
- Take profit 2: 0.7850
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8450 | 0.8030 |
| 0.8350 | 0.7950 |
| 0.8250 | 0.7850 |
