NZD/USD | New Zealand Dollar to US Dollar Trading Analysis

NZD/USD,D1


NZD/USD,D1


Pivot: 0.7000


Analysis:

While the price is below 0.7035, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7000
  • Take Profit 1: 0.6900
  • Take Profit 2: 0.6800


Alternative scenario:

If the level 0.7035 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7035
  • Take Profit 1: 0.7140
  • Take Profit 2: 0.7240


Comment:

RSI shows the development of a downtrend in the medium term.


Key levels:

Resistance --- Support

0.7240 -------- 0.6900

0.7140 -------- 0.6800

0.7035 -------- 0.6730

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