Source: PaxForex Premium Analytics Portal, Technical Insight
The NZD/USD is consolidating near 0.7150 after an earlier rise.
NZD/USD,D1
Pivot: 0.7154
Analysis:
While the price is above 0.7000, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7154
- Take Profit 1: 0.7240
- Take Profit 2: 0.7320
Alternative scenario:
If the level 0.7000 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7000
- Take Profit 1: 0.6920
- Take Profit 2: 0.6855
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7400 | 0.7000 |
| 0.7320 | 0.6920 |
| 0.7240 | 0.6855 |
