Source: PaxForex Premium Analytics Portal, Technical Insight

Canadian Dollar gives away earlier gains on hawkish Fed and strong US data.

NZD/CAD,D1

Pivot: 0.8104

Analysis:

AAs long as the price is below 0.8100 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.8104
• Take Profit 1: 0.8250
• Take Profit 2: 0.8350

Alternative scenario:

If the level of 0.8100 is broken-down, follow the recommendations below:    

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8100
• Take profit 1: 0.8000
• Take profit 2: 0.7900

Comment:

RSI shows an uptrend in the medium term.

Key levels: