Source: PaxForex Premium Analytics Portal, Technical Insight
Prime Minister Jacinda Ardern and the Director-General of Health Dr Ashley Bloomfield report eight new cases of Covid-19.
NZD/USD,D1
Pivot: 0.7006
Analysis:
While the price is below 0.7170, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7006
- Take Profit 1: 0.6940
- Take Profit 2: 0.6875
Alternative scenario:
If the level 0.7170 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7170
- Take Profit 1: 0.7240
- Take Profit 2: 0.7320
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7320 | 0.6940 |
| 0.7240 | 0.6875 |
| 0.7170 | 0.6800 |
