Source: PaxForex Premium Analytics Portal, Technical Insight
NZD/USD: additional decline is not excluded - UOB.
NZD/USD,D1
Pivot: 0.6810
Analysis:
While the price is below 0.7015, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6810
- Take Profit 1: 0.6720
- Take Profit 2: 0.6590
Alternative scenario:
If the level 0.7015 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7015
- Take Profit 1: 0.7115
- Take Profit 2: 0.7220
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
Resistance | Support |
0.7220 | 0.6720 |
0.7115 | 0.6590 |
0.7015 | 0.6495 |