Source: PaxForex Premium Analytics Portal, Technical Insight

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NZD/USD, 30 min

Pivot: 0.7190

Analysis:

Provided that the currency pair is traded below 0.7210, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7190
• Take Profit 1: 0.7166
• Take Profit 2: 0.7155

Alternative scenario: 

In case of breakout of the level 0.7210, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7210
• Take Profit 1: 0.7228
• Take Profit 2: 0.7239

Comment:

RSI is below 50. MACD is below the signal line and positive. MACD needs to break through the zero line to expect further declines. Moreover, the pair is trading below the 20-period moving average (0.7191) but above the 50-period moving average (0.7184).

Key levels:

NZD/USD, D1

Pivot: 0.7186

Analysis:

While the price is above 0.7000, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7186
• Take Profit 1: 0.7310
• Take Profit 2: 0.7400

Alternative scenario:

If the level 0.7000 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.7000
• Take Profit 1: 0.6900
• Take Profit 2: 0.6775

Comment:

RSI shows an uptrend in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD – buy above 1.2230 with 1.2290 and 1.2310 targets as Take Profit. Alternative scenario - if the level 1.2230 is broken-down, sell with the TP 1.2210 and 1.2190.
GBP/USD - long positions above 1.3650 with 1.3720 and 1.3750 targets as Take Profit. Alternative scenario - if the level of 1.3650 is broken-down, sell with the targets 1.3625 and 1.3600 as Take Profit.
AUD/USD – buy above 0.7685 with 0.7740 and 0.7760 as Take Profit targets. Alternative scenario - if the level of 0.7685 is broken-down, you should consider selling with the targets 0.7670 and 0.7645 as Take Profit.