Source: PaxForex Premium Analytics Portal, Technical Insight
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NZD/USD, 30 min
Pivot: 0.7217
Analysis:
Provided that the currency pair is traded above 0.7187, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.7217
- Take Profit 1: 0.7253
- Take Profit 2: 0.7270
Alternative scenario:
In case of breakdown of the level 0.7187, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.7187
- Take Profit 1: 0.7158
- Take Profit 2: 0.7141
Comment:
RSI is above its neutral area at 50. MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (0.7191 and 0.7176, respectively).
Key levels:
| Resistance | Support |
| 0.7287 | 0.7187 |
| 0.7270 | 0.7158 |
| 0.7253 | 0.7141 |
NZD/USD, D1
Pivot: 0.7217
Analysis:
While the price is above 0.7080, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7217
- Take Profit 1: 0.7310
- Take Profit 2: 0.7400
Alternative scenario:
If the level 0.7080 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7080
- Take Profit 1: 0.7000
- Take Profit 2: 0.6900
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7500 | 0.7080 |
| 0.7400 | 0.7000 |
| 0.7310 | 0.6900 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – sell below 1.2060 with 1.2025 and 1.2010 targets as Take Profit. Alternative scenario - if the level 1.2060 is broken-out, buy with the TP 1.2085 and 1.2105.
GBP/USD - long positions above 1.3655 with 1.3710 and 1.3730 targets as Take Profit. Alternative scenario - if the level of 1.3655 is broken-down, sell with the targets 1.3635 and 1.3610 as Take Profit.
AUD/USD – buy above 0.7585 with 0.7635 and 0.7660 as Take Profit targets. Alternative scenario - if the level of 0.7585 is broken-down, you should consider selling with the targets 0.7560 and 0.7540 as Take Profit.
