Source: PaxForex Premium Analytics Portal, Technical Insight
Experts are discussing upside and downside risks to their terminal outlook, and this will largely depend on how the RBNZ evaluates the outlook for economic growth versus the inflation outlook
NZD/CAD,D1
Pivot: 0.8169
Analysis:
As long as the price is above 0.8080 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8169
- Take Profit 1: 0.8250
- Take Profit 2: 0.8350
Alternative scenario:
If the level of 0.8080 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8080
- Take profit 1: 0.8020
- Take profit 2: 0.7950
Comment:
RSI indicates the potential for an increase in the medium term.
Key levels:
| Resistance | Support |
| 0.8575 | 0.8080 |
| 0.8350 | 0.8020 |
| 0.8250 | 0.7950 |
