Source: PaxForex Premium Analytics Portal, Technical Insight
Former RBNZ deputy head Spencer: Central Bank may raise OCR rate to 2% by Q3 2022.
NZD/USD,D1
Pivot: 0.6953
Analysis:
While the price is above 0.6791, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6953
- Take Profit 1: 0.7240
- Take Profit 2: 0.7357
Alternative scenario:
If the level 0.6791 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6791
- Take Profit 1: 0.6596
- Take Profit 2: 0.6480
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.7474 | 0.6791 |
| 0.7357 | 0.6596 |
| 0.7240 | 0.6480 |
