Source: PaxForex Premium Analytics Portal, Technical Insight

New Zealand: RBNZ delivers a 75 bps rate hike – UOB.

NZD/CAD,D1

Pivot: 0.8342

Analysis:

As long as the price is above 0.8250 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.8342
• Take Profit 1: 0.8400
• Take Profit 2: 0.8500

Alternative scenario:

If the level of 0.8250 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8250
• Take profit 1: 0.8150
• Take profit 2: 0.8040

Comment:

RSI shows an uptrend in the medium term. 

Key levels: