Source: PaxForex Premium Analytics Portal, Technical Insight
RBNZ: rate hike expected in November - Reuters poll.
NZD/USD,D1
Pivot: 0.6982
Analysis:
While the price is above 0.6890, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6982
- Take Profit 1: 0.7343
- Take Profit 2: 0.7463
Alternative scenario:
If the level 0.6890 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6890
- Take Profit 1: 0.6692
- Take Profit 2: 0.6573
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7582 | 0.6890 |
| 0.7463 | 0.6692 |
| 0.7343 | 0.6573 |
