Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: The recent strengthening is seen only as a correction below 0.6556/68 - Credit Suisse.
NZD/USD,D1
Pivot: 0.6440
Analysis:
While the price is above 0.6400, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6440
- Take Profit 1: 0.6550
- Take Profit 2: 0.6700
Alternative scenario:
If the level 0.6400 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6400
- Take Profit 1: 0.6250
- Take Profit 2: 0.6175
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6875 | 0.6400 |
| 0.6700 | 0.6250 |
| 0.6550 | 0.6175 |
