Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: strong support is located around 0.6635 - UOB Group.
NZD/USD,D1
Pivot: 0.6675
Analysis:
While the price is below 0.6860, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6675
- Take Profit 1: 0.6600
- Take Profit 2: 0.6500
Alternative scenario:
If the level 0.6860 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6860
- Take Profit 1: 0.6960
- Take Profit 2: 0.7065
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
Resistance | Support |
0.7065 | 0.6600 |
0.6960 | 0.6500 |
0.6860 | 0.6415 |