NZD/USD | New Zealand Dollar to US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

NZD/USD aims to recapture 0.6150 amid lackluster USD Index ahead of US CPI.

NZD/USD,D1

Pivot: 0.6127

Analysis:

While the price is above 0.6080, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6127
• Take Profit 1: 0.6200
• Take Profit 2: 0.6300

Alternative scenario:

If level 0.6080 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6080
• Take Profit 1: 0.6000
• Take Profit 2: 0.5900

Comment:

RSI shows the development of an uptrend in the medium term.

Key levels: