Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: Further strength seems in the pipeline – UOB.
NZD/USD,D1
Pivot: 0.6206
Analysis:
While the price is above 0.6130, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6206
- Take Profit 1: 0.6290
- Take Profit 2: 0.6385
Alternative scenario:
If the level 0.6130 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6130
- Take Profit 1: 0.6070
- Take Profit 2: 0.6000
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
Resistance | Support |
0.6450 | 0.6130 |
0.6385 | 0.6070 |
0.6290 | 0.6000 |