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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