Source: PaxForex Premium Analytics Portal, Technical Insight

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NZD/USD, 30 min

Pivot: 0.6436

Analysis:

Provided that the currency pair is traded above 0.6402 follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.6436
• Take Profit 1: 0.6481
• Take Profit 2: 0.6504

Alternative scenario: 

In case of breakdown of the level 0.6402 follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.6402
• Take Profit 1: 0.6364
• Take Profit 2: 0.6342

Comment:

RSI is above 50. MACD is positive and above the signal line. The configuration is positive. Moreover, the pair trades above its 20 and 50 moving averages (by 0.6429 and 0.6426 respectively).

Key levels:

NZD/USD, D1

Pivot: 0.6483

Analysis:

While the price is above 0.6232, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6483
• Take Profit 1: 0.6806
• Take Profit 2: 0.6961

Alternative scenario:

If the level 0. 6232 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6232
• Take Profit 1: 0.5973
• Take Profit 2: 0.5819

Comment:

RSI is above 50. MACD is below its signal line and positive. The pair can recover. Moreover, the pair is above its 20 and 50 moving averages (0.6415 and 0.6198 respectively).

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

EUR/USD – sell below 1.1235 with 1.1205 and 1.1190 as Take Profit targets. Alternative scenario - if the level 1.1235 is broken-out, you should consider buying with the targets 1.1255 and 1.1280 as Take Profit.
USD/CAD - short positions below 1.3660 with 1.3620 and 1.3605 targets as Take Profit. Alternative scenario - if the level of 1.3660 is broken-out, buy with the targets 1.3685 and 1.3710 as Take Profit.
AUD/USD – buy above 0.6875 with 0.6900 and 0.6920 as Take Profit targets. Alternative scenario - if the level of 0.6875 is broken-down, you should consider selling with the targets 0.6860 and 0.6845 as Take Profit.