Source: PaxForex Premium Analytics Portal, Technical Insight
In yesterday's trading the American dollar gained 20 pips against NZD.
NZD/USD, D1
Pivot: 0.7270
Analysis:
While the price is above 0.7087, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7270
- Take Profit 1: 0.7547
- Take Profit 2: 0.7677
Alternative scenario:
If the level 0.7087 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7087
- Take Profit 1: 0.6870
- Take Profit 2: 0.6741
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7806 | 0.7087 |
| 0.7677 | 0.6870 |
| 0.7547 | 0.6741 |
