Source: PaxForex Premium Analytics Portal, Technical Insight
New Zealand Finance Minister Grant Robertson said at a press conference that the government should watch its spending and hinted at introducing new fiscal rules for the budget next month.
NZD/USD,D1
Pivot: 0.6737
Analysis:
While the price is above 0.6730, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6737
- Take Profit 1: 0.6875
- Take Profit 2: 0.6990
Alternative scenario:
If the level 0.6730 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6730
- Take Profit 1: 0.6620
- Take Profit 2: 0.6530
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7050 | 0.6730 |
| 0.6990 | 0.6620 |
| 0.6875 | 0.6530 |
