Source: PaxForex Premium Analytics Portal, Technical Insight
The Fed will implement four rate hikes in 2022 despite new risks - Morgan Stanley.
NZD/USD,D1
Pivot: 0.67826
Analysis:
While the price is above 0.6700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6826
- Take Profit 1: 0.6920
- Take Profit 2: 0.7090
Alternative scenario:
If the level 0.6700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6700
- Take Profit 1: 0.6620
- Take Profit 2: 0.6530
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7120 | 0.6700 |
| 0.7090 | 0.6620 |
| 0.6920 | 0.6530 |
