Source: PaxForex Premium Analytics Portal, Technical Insight
RBNZ´s Silk: RBNZ can hold now and see what develops.
NZD/CAD,D1
Pivot: 0.8272
Analysis:
As long as the price is below 0.8400 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8272
- Take Profit 1: 0.8235
- Take Profit 2: 0.8100
Alternative scenario:
If the level of 0.8400 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8400
- Take profit 1: 0.8500
- Take profit 2: 0.8560
Comment:
RSI shows a downtrend in the medium term.
Key levels:
Resistance | Support |
0.8560 | 0.8235 |
0.8500 | 0.8100 |
0.8400 | 0.8000 |