Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: potential to reach 0.6530 during the coming week - Westpac.
NZD/USD,D1
Pivot: 0.6632
Analysis:
While the price is below 0.6730, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6632
- Take Profit 1: 0.6530
- Take Profit 2: 0.6400
Alternative scenario:
If the level 0.6730 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6730
- Take Profit 1: 0.6875
- Take Profit 2: 0.6990
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6990 | 0.6530 |
| 0.6875 | 0.6400 |
| 0.6730 | 0.6350 |
