Source: PaxForex Premium Analytics Portal, Technical Insight
RBNZ, Bascand: Uncertainty and risks persist.
NZD/CHF,D1
Pivot: 0.6491
Analysis:
While the price is below 0.6551, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6491
- Take Profit 1: 0.6400
- Take Profit 2: 0.6263
Alternative scenario:
If the level 0.6551 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6551
- Take profit 1: 0.6679
- Take Profit 2: 0.6756
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
Resistance | Support |
0.6756 | 0.6400 |
0.6679 | 0.6263 |
0.6551 | 0.6171 |