Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD holds positive ground above 0.6100, eyes on US CPI data.
NZD/USD,D1
Pivot: 0.6158
Analysis:
While the price is above 0.6050, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6158
- Take Profit 1: 0.6250
- Take Profit 2: 0.6350
Alternative scenario:
If level 0.6050 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6050
- Take Profit 1: 0.5950
- Take Profit 2: 0.5860
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6450 | 0.6050 |
| 0.6350 | 0.5950 |
| 0.6250 | 0.5860 |
