Source: PaxForex Premium Analytics Portal, Technical Insight

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NZD/USD, 30 min

Pivot: 0.7087

Analysis:

Provided that the currency pair is traded below 0.7112, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7087
• Take Profit 1: 0.7055
• Take Profit 2: 0.7042

Alternative scenario: 

In case of breakout of the level 0.7112, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7112
• Take Profit 1: 0.7134
• Take Profit 2: 0.7148

Comment:

RSI is below its neutral area at 50. MACD is positive and below its signal line. MACD needs to break through the zero line to expect further declines. Moreover, price is trading below the 20-period and 50-period moving averages (at 0.7088 and 0.7089, respectively).

Key levels:

NZD/USD, D1

Pivot: 0.7097

Analysis:

While the price is above 0.6900, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7097
• Take Profit 1: 0.7170
• Take Profit 2: 0.7320

Alternative scenario:

If the level 0.6900 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6900
• Take Profit 1: 0.6775
• Take Profit 2: 0.6590

Comment:

RSI shows an uptrend in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD – buy above 1.2115 with 1.2160 and 1.2180 targets as Take Profit. Alternative scenario - if the level 1.2115 is broken-down, sell with the TP 1.2105 and 1.2085.
GBP/USD - long positions above 1.3260 with 1.3370 and 1.3415 targets as Take Profit. Alternative scenario - if the level of 1.3260 is broken-down, sell with the targets 1.3230 and 1.3185 as Take Profit.
AUD/USD – sell below 0.7555 with 0.7500 and 0.7480 as Take Profit targets. Alternative scenario - if the level of 0.7555 is broken-out, you should consider buying with the targets 0.7570 and 0.7585 as Take Profit.