Source: PaxForex Premium Analytics Portal, Technical Insight

According to Reuters, the president of the Dallas Federal Reserve Bank, R. Kaplan, said that he was concerned about excessive risk-taking by participants in the non-banking financial system. He added that these processes need more transparency. Kaplan also noted:

• If the global economy grows more slowly, the U.S. economy will also grow more slowly than it could;
• Vaccination is a major driver of economic development around the world.

NZD/USD, 30 min

Pivot: 0.7179

Analysis:

Provided that the currency pair is traded below 0.7206, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7179
• Take Profit 1: 0.7139
• Take Profit 2: 0.7121

Alternative scenario: 

In case of breakout of the level 0.7206, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7206 
• Take Profit 1: 0.7236
• Take Profit 2: 0.7254

Comment:

RSI shows the possibility of a downtrend during the day.

Key levels:

NZD/USD, D1

Pivot: 0.7166

Analysis:

While the price is above 0.7065, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7166
• Take Profit 1: 0.7300
• Take Profit 2: 0.7455

Alternative scenario: 

In case of breakdown of the level 0.7065, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.7065 
• Take Profit 1: 0.6940
• Take Profit 2: 0.6800

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 – sell below 1.2060 with 1.2015 and 1.2000 targets as Take Profit. Alternative scenario - if the level 1.2060 is broken-out, buy with the TP 1.2075 and 1.2090.
GBP/USD - short positions below 1.3910 with 1.3835 and 1.3805 targets as Take Profit. Alternative scenario - if the level of 1.3910 is broken-out, buy with the targets 1.3935 and 1.3960 as Take Profit.
AUD/USD – sell below 0.7755 with 0.7710 and 0.7695 as Take Profit targets. Alternative scenario - if the level of 0.7755 is broken-out, you should consider buying with the targets 0.7770 and 0.7785 as Take Profit.