Source: PaxForex Premium Analytics Portal, Technical Insight
Adrian Orr, governor of the Reserve Bank of New Zealand, said he believes the regulator will hold at least a couple more interest rate hikes. This was reported by Bloomberg TV's coverage of Jackson Hole.
NZD/CAD,D1
Pivot: 0.8025
Analysis:
As long as the price is above 0.8000 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8025
- Take Profit 1: 0.8180
- Take Profit 2: 0.8250
Alternative scenario:
If the level of 0.8000 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8000
- Take profit 1: 0.7950
- Take profit 2: 0.7900
Comment:
RSI indicates the potential for an increase in the medium term.
Key levels:
| Resistance | Support |
| 0.8300 | 0.8000 |
| 0.8250 | 0.7950 |
| 0.8180 | 0.7900 |
