Source: PaxForex Premium Analytics Portal, Technical Insight

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NZD/USD, 30 min

Pivot: 0.6584

Analysis:

Provided that the currency pair is traded above 0.6555, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.6584
• Take Profit 1: 0.6622
• Take Profit 2: 0.6640

Alternative scenario: 

In case of breakdown of the level 0.6555, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.6555
• Take Profit 1: 0.6525
• Take Profit 2: 0.6508

Comment:

RSI is below 50. MACD is negative and above the signal line. The configuration is mixed. Moreover, the pair is below its 20 and 50 moving averages (0.6592 and 0.6622 respectively).

Key levels:

NZD/USD, D1

Pivot: 0.6641

Analysis:

While the price is above 0.6456, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6641
• Take Profit 1: 0.6908
• Take Profit 2: 0.7033

Alternative scenario:

If the level 0.6456 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6456
• Take Profit 1: 0.6247
• Take Profit 2: 0.6122

Comment:

RSI is above its neutral area at 50. MACD is negative and below its signal line. A breakthrough of 50 RSI will cause further reduction. Moreover, the pair is below its 20 MA (0.6644), but above its 50 MA (0.6634).

Key levels:

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

EUR/USD – sell below 1.1755 with 1.1710 and 1.1695 targets as Take Profit. Alternative scenario - if the level 1.1755 is broken-out, buy with the TP 1.1770 and 1.1790.
GBP/USD - short positions below 1.2920 with 1.2845 and 1.2820 targets as Take Profit. Alternative scenario - if the level of 1.2920 is broken-out,  buy with the targets 1.2960 and 1.2985 as Take Profit.
AUD/USD – sell below 0.7140 with 0.7095 and 0.7080 as Take Profit targets. Alternative scenario - if the level of 0.7140 is broken-out, you should consider buying with the targets 0.7170 and 0.7195 as Take Profit.