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
EUR/USD | Euro to US Dollar Trading Analysis
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