Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: 1-month forecast raised to 0.70 - Rabobank.
NZD/USD,D1
Pivot: 0.7083
Analysis:
While the price is above 0.6960, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7083
- Take Profit 1: 0.7160
- Take Profit 2: 0.7240
Alternative scenario:
If the level 0.6960 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6960
- Take Profit 1: 0.6905
- Take Profit 2: 0.6855
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7320 | 0.6960 |
| 0.7240 | 0.6905 |
| 0.7160 | 0.6855 |
