Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD declines towards 0.6150 as Fed to keep interest rates higher this year.
NZD/USD,D1
Pivot: 0.6178
Analysis:
While the price is above 0.6080, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6178
- Take Profit 1: 0.6200
- Take Profit 2: 0.6300
Alternative scenario:
If level 0.6080 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6080
- Take Profit 1: 0.6000
- Take Profit 2: 0.5900
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6400 | 0.6080 |
| 0.6300 | 0.6000 |
| 0.6200 | 0.5900 |
