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: