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

NZD/USD,D1


NZD/USD,D1


Pivot: 0.7132


Analysis:

While the price is above 0.6980, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7132
  • Take Profit 1: 0.7200
  • Take Profit 2: 0.7290


Alternative scenario:

If the level 0.6980 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6980
  • Take Profit 1: 0.6880
  • Take Profit 2: 0.6800


Comment:

RSI shows the development of an uptrend in the medium term.


Key levels:

Resistance --- Support

0.7380 --------- 0.6980

0.7290 --------- 0.6880

0.7200 --------- 0.6800

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