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

NZD/USD,D1


NZD/USD,D1


Pivot: 0.7022


Analysis:

While the price is below 0.7170, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7022
  • Take Profit 1: 0.6940
  • Take Profit 2: 0.6875


Alternative scenario:

If the level 0.7170 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7170
  • Take Profit 1: 0.7240
  • Take Profit 2: 0.7320


Comment:

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


Key levels:

Resistance ----- Support

0.7320 ----------- 0.6940

0.7240 ----------- 0.6875

0.7170 ----------- 0.6800

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