Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: possible movement to 0.6550 - UOB.
NZD/USD,D1
Pivot: 0.6609
Analysis:
While the price is below 0.6735, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6609
- Take Profit 1: 0.6500
- Take Profit 2: 0.6400
Alternative scenario:
If the level 0.6735 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6735
- Take Profit 1: 0.6960
- Take Profit 2: 0.7065
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7065 | 0.6500 |
| 0.6960 | 0.6400 |
| 0.6735 | 0.6315 |
