Source: PaxForex Premium Analytics Portal, Technical Insight
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NZD/USD, 30 min
Pivot: 0.7052
Analysis:
Provided that the currency pair is traded above 0.7032, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.7052
- Take Profit 1: 0.7080
- Take Profit 2: 0.7092
Alternative scenario:
In case of breakdown of the level 0.7032, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.7032
- Take Profit 1: 0.7012
- Take Profit 2: 0.7001
Comment:
RSI is above 50. MACD is positive and above its signal line. The configuration is positive. Moreover, price is trading above the 20 and 50 moving averages (at 0.7044 and 0.7050, respectively).
Key levels:
| Resistance | Support |
| 0.7103 | 0.7032 |
| 0.7092 | 0.7012 |
| 0.7080 | 0.7001 |
NZD/USD, D1
Pivot: 0.7049
Analysis:
While the price is above 0.6931, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7049
- Take Profit 1: 0.7265
- Take Profit 2: 0.7348
Alternative scenario:
If the level 0.6931 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6931
- Take Profit 1: 0.6793
- Take Profit 2: 0.6590
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7431 | 0.6931 |
| 0.7348 | 0.6793 |
| 0.7265 | 0.6711 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – buy above 1.2150 with 1.2230 and 1.2255 targets as Take Profit. Alternative scenario - if the level 1.2150 is broken-down, sell with the TP 1.2130 and 1.2110.
GBP/USD - long positions above 1.3350 with 1.3470 and 1.3500 targets as Take Profit. Alternative scenario - if the level of 1.3350 is broken-down, sell with the targets 1.3300 and 1.3270 as Take Profit.
AUD/USD – buy above 0.7515 with 0.7600 and 0.7625 as Take Profit targets. Alternative scenario - if the level of 0.7515 is broken-down, you should consider selling with the targets 0.7490 and 0.7460 as Take Profit.
