Source: PaxForex Premium Analytics Portal, Technical Insight
In Monday's session, the NZD/USD rose by more than 0.80% to 0.6100, tallying a two-day winning streak.
NZD/USD,D1
Pivot: 0.6116
Analysis:
While the price is above 0.6000, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6116
- Take Profit 1: 0.6150
- Take Profit 2: 0.6250
Alternative scenario:
If level 0.6000 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6000
- Take Profit 1: 0.5800
- Take Profit 2: 0.5700
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6350 | 0.6000 |
| 0.6250 | 0.5800 |
| 0.6150 | 0.5700 |
