Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: year-end forecast lowered to 0.67 given current risks - ANZ.
NZD/USD,D1
Pivot: 0.6540
Analysis:
While the price is above 0.6425, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6448
- Take Profit 1: 0.6670
- Take Profit 2: 0.6815
Alternative scenario:
If the level 0.6425 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6425
- Take Profit 1: 0.6250
- Take Profit 2: 0.6175
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6875 | 0.6425 |
| 0.6815 | 0.6250 |
| 0.6670 | 0.6175 |
