Source: PaxForex Premium Analytics Portal, Technical Insight

New Zealand Prime Minister Ardern will reassess the danger levels on September 20.

NZD/USD,D1

Pivot: 0.7105

Analysis:

While the price is above 0.6980, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7105
• Take Profit 1: 0.7200
• Take Profit 2: 0.7290

Alternative scenario:

If the level 0.6980 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6980
• Take Profit 1: 0.6880
• Take Profit 2: 0.6800

Comment:

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

Key levels: