Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: a breakdown below 0.6775 will trigger further losses - ANZ.
NZD/USD,D1
Pivot: 0.6744
Analysis:
While the price is above 0.6700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6744
- Take Profit 1: 0.6820
- Take Profit 2: 0.6920
Alternative scenario:
If the level 0.6700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6700
- Take Profit 1: 0.6620
- Take Profit 2: 0.6530
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7090 | 0.6700 |
| 0.6920 | 0.6620 |
| 0.6820 | 0.6530 |
