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

Source: PaxForex Premium Analytics Portal, Technical Insight

NZD/USD hits fresh daily high, back near mid-0.6200s amid renewed USD selling.

NZD/USD,D1

Pivot: 0.6338

Analysis:

While the price is above 0.6250, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6338
• Take Profit 1: 0.6400
• Take Profit 2: 0.6500

Alternative scenario:

If level 0.6250 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6250
• Take Profit 1: 0.6200
• Take Profit 2: 0.6150

Comment:

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

Key levels: