Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: a decline in the delta strain and rising yields will help the kiwi - ANZ.
NZD/USD,D1
Pivot: 0.7132
Analysis:
While the price is above 0.6980, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7132
- Take Profit 1: 0.7200
- Take Profit 2: 0.7290
Alternative scenario:
If the level 0.6980 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6980
- Take Profit 1: 0.6880
- Take Profit 2: 0.6800
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7380 | 0.6980 |
| 0.7290 | 0.6880 |
| 0.7200 | 0.6800 |
