Source: PaxForex Premium Analytics Portal, Technical Insight
The RBNZ core inflation model is up 2.2% QoQ for the second quarter of 2021.
NZD/USD,D1
Pivot: 0.6983
Analysis:
While the price is above 0.6820, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6983
- Take Profit 1: 0.7236
- Take Profit 2: 0.7349
Alternative scenario:
If the level 0.6820 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6820
- Take Profit 1: 0.6631
- Take Profit 2: 0.6518
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7463 | 0.6820 |
| 0.7349 | 0.6631 |
| 0.7236 | 0.6518 |
