Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: deepening fall could reach 0.6245 - UOB.
NZD/USD,D1
Pivot: 0.6334
Analysis:
While the price is below 0.6550, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6334
- Take Profit 1: 0.6250
- Take Profit 2: 0.6175
Alternative scenario:
If the level 0.6550 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6550
- Take Profit 1: 0.6700
- Take Profit 2: 0.6875
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6875 | 0.6250 |
| 0.6700 | 0.6175 |
| 0.6550 | 0.6100 |
