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: