Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD sticks to gains above 0.6200 amid a modest USD pullback from a two-week high.
NZD/USD,D1
Pivot: 0.6194
Analysis:
While the price is above 0.6150, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6194
- Take Profit 1: 0.6300
- Take Profit 2: 0.6400
Alternative scenario:
If level 0.6150 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6150
- Take Profit 1: 0.6070
- Take Profit 2: 0.6000
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6500 | 0.6150 |
| 0.6400 | 0.6070 |
| 0.6300 | 0.6000 |
