Source: PaxForex Premium Analytics Portal, Technical Insight
RBNZ Governor Orr: New Zealand is relatively well positioned but inflation too high.
NZD/CAD,D1
Pivot: 0.7922
Analysis:
As long as the price is above 0.7800 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7922
- Take Profit 1: 0.7980
- Take Profit 2: 0.8050
Alternative scenario:
If the level of 0.7800 is broken-up, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7800
- Take profit 1: 0.7665
- Take profit 2: 0.7550
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8150 | 0.7800 |
| 0.8050 | 0.7665 |
| 0.7980 | 0.7550 |
