Source: PaxForex Premium Analytics Portal, Technical Insight

The NZD/USD remains under pressure near 0.6900.

NZD/USD,D1

Pivot: 0.6911

Analysis:

While the price is below 0.7120, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6911
• Take Profit 1:  0.6800
• Take Profit 2: 0.6680

Alternative scenario:

If the level 0.7120 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7120
• Take Profit 1: 0.7240
• Take Profit 2: 0.7315

Comment:

RSI shows the possibility of a downtrend in the medium term.

Key levels: