Source: PaxForex Premium Analytics Portal, Technical Insight
RBNZ seeks to tighten mortgage lending rules ahead of rate decision.
NZD/CHF,D1
Pivot: 0.6504
Analysis:
While the price is above 0.6306, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6504
- Take Profit 1: 0.6636
- Take Profit 2: 0.6718
Alternative scenario:
If the level 0.6306 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6306
- Take profit 1: 0.6169
- Take Profit 2: 0.6087
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6801 | 0.6306 |
| 0.6718 | 0.6169 |
| 0.6636 | 0.6087 |
