Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD grinds near three-week high above 0.6200 as Kiwi traders brace for RBNZ, US inflation.
NZD/USD,D1
Pivot: 0.6197
Analysis:
While the price is above 0.6115, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6197
- Take Profit 1: 0.6240
- Take Profit 2: 0.6300
Alternative scenario:
If level 0.6115 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6115
- Take Profit 1: 0.6060
- Take Profit 2: 0.6000
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6400 | 0.6115 |
| 0.6300 | 0.6060 |
| 0.6240 | 0.6000 |
