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: